Desjardins set a C$15.50 price objective on Chartwell Retirement Residences (TSE:CSH.UN – Free Report) in a research note published on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Other research analysts have also issued reports about the stock. CIBC boosted their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. TD Securities set a C$16.00 price target on Chartwell Retirement Residences and gave the company a buy rating in a research report on Friday. Royal Bank of Canada lifted their price target on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an outperform rating in a research note on Thursday, May 16th. Finally, Scotiabank increased their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an outperform rating in a research note on Friday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of C$14.75.
View Our Latest Stock Analysis on CSH.UN
Chartwell Retirement Residences Price Performance
Chartwell Retirement Residences Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Friday, June 28th. Chartwell Retirement Residences’s dividend payout ratio is presently -290.48%.
Chartwell Retirement Residences Company Profile
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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