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

Chartwell Retirement Residences (TSE:CSH.UN) declared a monthly dividend on Wednesday, July 31st, TickerTech reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.051 per share on Thursday, August 15th. This represents a $0.61 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, July 31st.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN stock opened at C$13.60 on Tuesday. The stock’s 50-day moving average is C$12.87 and its two-hundred day moving average is C$12.48. The firm has a market cap of C$3.29 billion, a price-to-earnings ratio of -64.76 and a beta of 1.12. Chartwell Retirement Residences has a 1 year low of C$9.59 and a 1 year high of C$13.94. The company has a debt-to-equity ratio of 275.11, a quick ratio of 0.07 and a current ratio of 0.44.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TD Securities set a C$16.00 price target on Chartwell Retirement Residences and gave the stock a “buy” rating in a report on Friday, June 28th. Scotiabank raised their price target on 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. National Bankshares set a C$15.00 price target on Chartwell Retirement Residences and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Royal Bank of Canada raised their price target on 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. Finally, Desjardins set a C$15.50 price target on Chartwell Retirement Residences and gave the stock a “buy” rating in a report on Friday, June 28th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences has a consensus rating of “Buy” and a consensus price target of C$15.25.

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.