Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$19.00

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective lifted by CIBC from C$16.50 to C$19.00 in a research report sent to investors on Monday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on CSH.UN. National Bankshares upped their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Scotiabank raised their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Desjardins lifted their price target on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities lifted their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$17.08.

Chartwell Retirement Residences Stock Down 0.6 %

CSH.UN stock opened at C$16.05 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market capitalization of C$4.36 billion, a PE ratio of -94.41 and a beta of 1.12. Chartwell Retirement Residences has a 1-year low of C$10.64 and a 1-year high of C$16.23. The business’s 50 day simple moving average is C$15.52 and its 200 day simple moving average is C$14.06.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

Insider Activity

In other news, Director Vlad Volodarski sold 31,872 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. Insiders own 0.55% of the company’s stock.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.