TD Securities set a C$16.00 target price on Chartwell Retirement Residences (TSE:CSH.UN – Free Report) in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Other equities research analysts also recently issued research reports about the company. 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 report on Thursday, May 16th. CIBC lifted their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences currently has an average rating of Buy and a consensus target price of C$14.75.
Read Our Latest Stock Analysis on Chartwell Retirement Residences
Chartwell Retirement Residences Stock Up 0.8 %
Chartwell Retirement Residences Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be paid 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 4.76%. Chartwell Retirement Residences’s payout ratio is -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.
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