Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Rating of “Buy” by Analysts

Chartwell Retirement Residences (TSE:CSH.UN) has earned a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$15.25.

A number of research firms have recently issued reports on CSH.UN. TD Securities set a C$16.00 price objective on Chartwell Retirement Residences and gave the stock a “buy” rating in a report on Friday, June 28th. Royal Bank of Canada upped their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Scotiabank lifted their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, June 28th. Desjardins set a C$15.50 price objective on shares of Chartwell Retirement Residences and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, National Bankshares set a C$15.00 target price on shares of Chartwell Retirement Residences and gave the company an “outperform” rating in a report on Tuesday, July 23rd.

Chartwell Retirement Residences Price Performance

Shares of TSE:CSH.UN opened at C$13.60 on Tuesday. The company has a 50 day moving average of C$12.87 and a 200 day moving average of C$12.48. The stock has a market cap of C$3.29 billion, a P/E ratio of -64.76 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$13.94. The company has a current ratio of 0.44, a quick ratio of 0.07 and a debt-to-equity ratio of 275.11.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, July 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -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.