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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is C$14.75.

CSH.UN has been the subject of a number of research reports. Scotiabank raised their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, June 28th. Royal Bank of Canada raised their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Desjardins set a C$15.50 target price on shares of Chartwell Retirement Residences and gave the stock a “buy” rating in a report on Friday, June 28th. TD Securities set a C$16.00 target price on shares of Chartwell Retirement Residences and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, CIBC upped 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.

Chartwell Retirement Residences Trading Up 0.6 %

Shares of TSE:CSH.UN opened at C$13.20 on Friday. The stock has a market capitalization of C$3.20 billion, a price-to-earnings ratio of -62.86 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$13.30. 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 company has a 50 day moving average price of C$12.66 and a 200 day moving average price of C$12.29.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be given a $0.051 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.61 annualized dividend and a dividend yield of 4.64%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -290.48%.

About Chartwell Retirement Residences

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.