TD Securities Issues Positive Forecast for Chartwell Retirement Residences (TSE:CSH.UN) Stock Price

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective increased by TD Securities from C$18.00 to C$19.00 in a research note published on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms also recently weighed in on CSH.UN. CIBC lifted 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 note on Monday, August 12th. Royal Bank of Canada 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 Monday, August 12th. National Bankshares raised their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Scotiabank raised 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average target price of C$17.08.

Chartwell Retirement Residences Trading Down 0.9 %

Shares of TSE CSH.UN opened at C$15.91 on Monday. Chartwell Retirement Residences has a fifty-two week low of C$10.64 and a fifty-two week high of C$16.23. 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 company has a market cap of C$4.32 billion, a price-to-earnings ratio of -93.59 and a beta of 1.12. The business’s 50 day moving average price is C$15.53 and its 200-day moving average price is C$14.07.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

Insider Activity at Chartwell Retirement Residences

In other news, Director Vlad Volodarski sold 31,872 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. 0.55% of the stock is owned by company insiders.

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.