Chartwell Retirement Residences (TSE:CSH.UN) Receives Average Recommendation of “Buy” from Analysts

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$17.08.

CSH.UN has been the topic of several recent research reports. Scotiabank upped their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. CIBC raised their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. Finally, TD Securities lifted their price target on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

Chartwell Retirement Residences Stock Up 0.1 %

Shares of CSH.UN stock opened at C$15.21 on Friday. The company’s fifty day simple moving average is C$15.70 and its two-hundred day simple moving average is C$14.57. Chartwell Retirement Residences has a 52 week low of C$11.40 and a 52 week high of C$16.31. The stock has a market cap of C$4.13 billion, a P/E ratio of -89.47 and a beta of 1.12. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.051 per share. The ex-dividend date was Friday, November 29th. This represents a $0.61 annualized dividend and a dividend yield of 4.02%. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

About Chartwell Retirement Residences

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.