TD Securities Issues Positive Forecast for Chartwell Retirement Residences (TSE:CSH.UN) Stock Price

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective raised by TD Securities from C$19.00 to C$20.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

CSH.UN has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday. CIBC upped their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$17.64.

Chartwell Retirement Residences Trading Up 2.7 %

Chartwell Retirement Residences stock opened at C$17.26 on Monday. The company has a 50 day moving average price of C$15.87 and a 200 day moving average price of C$15.53. The firm has a market capitalization of C$4.68 billion, a price-to-earnings ratio of -101.53 and a beta of 1.12. Chartwell Retirement Residences has a 52 week low of C$11.91 and a 52 week high of C$17.32. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.61 dividend on an annualized basis and a yield of 3.55%. Chartwell Retirement Residences’s payout ratio is -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.