Chartwell Retirement Residences (TSE:CSH.UN – Free Report) had its target price increased by Scotiabank from C$14.00 to C$15.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other equities research analysts have also recently commented on the company. TD Securities set a C$16.00 target price on Chartwell Retirement Residences and gave the stock a buy rating in a research note on Friday. Royal Bank of Canada lifted their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an outperform rating in a research report on Thursday, May 16th. Finally, CIBC increased their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of C$14.75.
View Our Latest Stock Report on Chartwell Retirement Residences
Chartwell Retirement Residences Stock Performance
Chartwell Retirement Residences Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.61 annualized dividend and a dividend yield of 4.76%. Chartwell Retirement Residences’s payout ratio is -290.48%.
About Chartwell Retirement Residences
Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.
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