Chartwell Retirement Residences (TSE:CSH.UN) Receives C$17.08 Consensus PT from Brokerages

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is C$17.08.

A number of equities analysts have recently weighed in on CSH.UN shares. Desjardins upped their price target 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. 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 stock an “outperform” rating in a research note on Monday, August 12th. TD Securities increased their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Scotiabank increased their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, National Bankshares increased their price objective on shares of 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.

Insider Transactions at Chartwell Retirement Residences

In related news, Director Vlad Volodarski sold 31,872 shares of the firm’s 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 0.55% of the company’s stock.

Chartwell Retirement Residences Stock Performance

TSE:CSH.UN opened at C$16.18 on Monday. 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 has a fifty-two week low of C$10.64 and a fifty-two week high of C$16.29. The stock has a market cap of C$4.39 billion, a PE ratio of -95.18 and a beta of 1.12. The firm’s fifty day simple moving average is C$15.55 and its 200-day simple moving average is C$14.15.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.61 annualized dividend and a dividend yield of 3.78%. Chartwell Retirement Residences’s payout ratio is currently -358.82%.

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.