Chartwell Retirement Residences (TSE:CSH.UN) Receives C$16.50 Average Price Target from Brokerages

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$16.50.

A number of research firms have recently weighed in on CSH.UN. Royal Bank of Canada increased their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Scotiabank raised their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Desjardins increased their price objective on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Monday, August 12th. CIBC increased their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities upped their price target on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th.

Chartwell Retirement Residences Trading Down 0.6 %

Shares of CSH.UN opened at C$15.12 on Friday. The firm has a market cap of C$4.10 billion, a P/E ratio of -88.94 and a beta of 1.12. Chartwell Retirement Residences has a fifty-two week low of C$9.92 and a fifty-two week high of C$16.07. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The business has a 50-day moving average of C$14.87 and a 200 day moving average of C$13.46.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Friday, September 27th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -358.82%.

Insider Transactions at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. Insiders own 0.57% 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.