Shares of Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$16.50.
Several analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. National Bankshares upped their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Scotiabank upped their price objective on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday. TD Securities increased their target price on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Desjardins increased their target price on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, August 12th.
Check Out Our Latest Analysis on Chartwell Retirement Residences
Chartwell Retirement Residences Stock Up 3.2 %
Chartwell Retirement Residences Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were given a dividend of $0.051 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.61 annualized dividend and a yield of 3.84%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -358.82%.
About Chartwell Retirement Residences
Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.
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