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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, February 27th, TickerTech Dividends reports. Stockholders of record on Monday, March 16th will be given a dividend of 0.051 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, February 27th.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock opened at C$21.97 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 12-month low of C$15.59 and a 12-month high of C$22.38. The stock has a 50-day simple moving average of C$20.92 and a 200 day simple moving average of C$20.10. The stock has a market capitalization of C$6.68 billion, a price-to-earnings ratio of 256.26 and a beta of 0.72.

Wall Street Analysts Forecast Growth

CSH.UN has been the topic of a number of analyst reports. Canaccord Genuity Group increased their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a research report on Monday, November 10th. Canadian Imperial Bank of Commerce raised their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. TD Securities upped their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a report on Monday, November 10th. Finally, Scotiabank raised their price target on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research note on Monday, November 10th. Five 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 target price of C$22.44.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.