Chartwell Retirement Residences (TSE:CSH.UN) PT Set at C$16.00 by TD Securities

TD Securities set a C$16.00 target price on Chartwell Retirement Residences (TSE:CSH.UN) in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CSH.UN has been the subject of a number of other reports. Royal Bank of Canada increased their price target on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an outperform rating in a research note on Thursday, May 16th. CIBC increased their price target on Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Chartwell Retirement Residences has a consensus rating of Buy and an average price target of C$14.75.

Chartwell Retirement Residences Stock Performance

Shares of TSE CSH.UN opened at C$12.85 on Friday. The stock has a fifty day moving average price of C$12.63 and a two-hundred day moving average price of C$12.26. The company has a debt-to-equity ratio of 275.11, a quick ratio of 0.07 and a current ratio of 0.44. The firm has a market cap of C$3.11 billion, a P/E ratio of -61.19 and a beta of 1.12. Chartwell Retirement Residences has a 1 year low of C$9.06 and a 1 year high of C$12.99.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be paid a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, June 28th. Chartwell Retirement Residences’s dividend payout ratio is presently -290.48%.

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.