Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$20.00 at CIBC

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective raised by CIBC from C$19.00 to C$20.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on CSH.UN. BMO Capital Markets set a C$18.00 target price on Chartwell Retirement Residences and gave the stock an “outperform” rating in a research report on Thursday, January 30th. TD Securities lifted their price target 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. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$17.64.

Chartwell Retirement Residences Stock Up 2.7 %

Shares of TSE CSH.UN opened at C$17.26 on Monday. The business has a 50-day moving average of C$15.87 and a two-hundred day moving average of C$15.53. The company 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 1 year low of C$11.91 and a 1 year high of C$17.32. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences Dividend Announcement

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