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

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$17.08.

A number of analysts recently weighed in on the stock. TD Securities upped 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 report on Monday, November 18th. CIBC upped their price target on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th.

Chartwell Retirement Residences Stock Performance

Shares of Chartwell Retirement Residences stock opened at C$15.39 on Tuesday. The company’s 50-day moving average price is C$15.54 and its 200-day moving average price is C$14.83. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 12-month low of C$11.41 and a 12-month high of C$16.31. The company has a market cap of C$4.18 billion, a price-to-earnings ratio of -90.53 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Friday, January 31st. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

About Chartwell Retirement Residences

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.