Chartwell Retirement Residences (TSE:CSH.UN) Declares Monthly Dividend of $0.05

Chartwell Retirement Residences (TSE:CSH.UN) declared a monthly dividend on Friday, June 28th, TickerTech reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.051 per share on Monday, July 15th. This represents a $0.61 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Friday, June 28th.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN stock traded up C$0.21 during trading on Thursday, hitting C$12.80. The company’s stock had a trading volume of 496,803 shares, compared to its average volume of 424,784. The company has a current ratio of 0.44, a quick ratio of 0.07 and a debt-to-equity ratio of 275.11. The company has a market cap of C$3.10 billion, a PE ratio of -60.95 and a beta of 1.12. The business has a fifty day moving average of C$12.62 and a 200-day moving average of C$12.22. Chartwell Retirement Residences has a 52 week low of C$9.06 and a 52 week high of C$12.99.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSH.UN. TD Securities upped their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. CIBC increased their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$14.40.

Chartwell Retirement Residences Company Profile

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.