Analysts Set Chartwell Retirement Residences (TSE:CSH.UN) Target Price at C$17.21

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have earned an average rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is C$17.21.

A number of equities research analysts recently weighed in on CSH.UN shares. CIBC upped their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. TD Securities raised their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, BMO Capital Markets set a C$18.00 target price on Chartwell Retirement Residences and gave the company an “outperform” rating in a research report on Thursday, January 30th.

Chartwell Retirement Residences Stock Performance

Shares of TSE:CSH.UN opened at C$16.26 on Friday. The firm’s 50 day simple moving average is C$15.60 and its 200-day simple moving average is C$15.21. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. Chartwell Retirement Residences has a one year low of C$11.76 and a one year high of C$16.50. The firm has a market cap of C$4.41 billion, a PE ratio of -95.65 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.76%. Chartwell Retirement Residences’s dividend payout ratio is currently -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.