Chartwell Retirement Residences (TSE:CSH.UN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have earned an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$16.50.

Several research firms have recently commented on CSH.UN. Royal Bank of Canada upped their price target on shares of 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. Scotiabank upped their price target 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. TD Securities upped their price target on shares of Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Desjardins upped their price target on shares of 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. Finally, CIBC upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, August 12th.

Insider Buying and Selling

In other news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences 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. 0.55% of the stock is owned by corporate insiders.

Chartwell Retirement Residences Price Performance

CSH.UN opened at C$15.52 on Thursday. 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 stock has a market capitalization of C$4.21 billion, a P/E ratio of -91.29 and a beta of 1.12. The company’s 50-day simple moving average is C$15.24 and its two-hundred day simple moving average is C$13.75. Chartwell Retirement Residences has a 52-week low of C$10.08 and a 52-week high of C$16.16.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.94%. Chartwell Retirement Residences’s dividend payout ratio is currently -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.