CIBC Raises Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$16.50

Chartwell Retirement Residences (TSE:CSH.UN) had its price target increased by CIBC from C$15.00 to C$16.50 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on CSH.UN. Royal Bank of Canada boosted their price target on shares of 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. National Bankshares set a C$15.00 price target on shares of Chartwell Retirement Residences and gave the company an outperform rating in a research note on Tuesday, July 23rd. Desjardins boosted their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a buy rating in a research note on Monday. Scotiabank boosted their price target on shares of Chartwell Retirement Residences from C$15.00 to C$15.50 and gave the company an outperform rating in a research note on Monday. Finally, TD Securities boosted their price target on shares of Chartwell Retirement Residences from C$16.00 to C$17.00 and gave the company a buy rating in a research note on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of C$16.17.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock opened at C$14.47 on Monday. The firm’s 50-day moving average is C$13.26 and its two-hundred day moving average is C$12.68. The company has a market capitalization of C$3.93 billion, a PE ratio of -85.12 and a beta of 1.12. Chartwell Retirement Residences has a 12 month low of C$9.59 and a 12 month high of C$14.74. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, July 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -358.82%.

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.