Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) Target Price at C$17.08

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$17.08.

A number of brokerages have commented on CSH.UN. Scotiabank lifted their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Royal Bank of Canada lifted their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Desjardins lifted their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. TD Securities lifted their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, National Bankshares lifted their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th.

Chartwell Retirement Residences Stock Performance

TSE:CSH.UN opened at C$16.18 on Monday. The company’s 50-day moving average price is C$15.55 and its 200-day moving average price is C$14.15. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The company has a market cap of C$4.39 billion, a P/E ratio of -95.18 and a beta of 1.12. Chartwell Retirement Residences has a twelve month low of C$10.64 and a twelve month high of C$16.29.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 3.78%. The ex-dividend date is Friday, November 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -358.82%.

Insiders Place Their Bets

In other news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction that occurred 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. 0.55% of the stock is currently owned by company insiders.

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.