Chartwell Retirement Residences (TSE:CSH.UN) Given Average Recommendation of “Buy” by Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$16.50.

A number of brokerages recently commented on CSH.UN. Desjardins upped 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, August 12th. TD Securities upped their price target on shares of Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Scotiabank upped their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. CIBC upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, National Bankshares upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th.

Insider Activity at Chartwell Retirement Residences

In other news, Director Vlad Volodarski sold 31,872 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.57% of the stock is owned by insiders.

Chartwell Retirement Residences Price Performance

The firm has a market cap of C$4.13 billion, a price-to-earnings ratio of -88.71 and a beta of 1.12. The business’s fifty day moving average price is C$14.75 and its 200-day moving average price is C$13.40. Chartwell Retirement Residences has a 52 week low of C$9.87 and a 52 week high of C$16.07. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Friday, September 27th. Chartwell Retirement Residences’s payout ratio is -358.82%.

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.