Chartwell Retirement Residences (TSE:CSH.UN) Plans Monthly Dividend of $0.05

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.051 per share on Wednesday, May 15th. This represents a $0.61 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Monday, April 29th.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock traded up C$0.01 during midday trading on Friday, reaching C$12.47. 241,900 shares of the company’s stock were exchanged, compared to its average volume of 422,423. Chartwell Retirement Residences has a 52 week low of C$8.75 and a 52 week high of C$12.92. The company has a debt-to-equity ratio of 258.26, a quick ratio of 0.07 and a current ratio of 0.45. The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of -47.96 and a beta of 1.12. The stock’s 50-day simple moving average is C$12.36 and its 200 day simple moving average is C$11.59.

Insiders Place Their Bets

In related news, Director Gary Neil Whitelaw bought 4,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were purchased at an average price of C$12.25 per share, with a total value of C$49,000.00. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSH.UN. Scotiabank boosted their price objective on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. CIBC boosted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 in a report on Monday, March 11th. Finally, TD Securities boosted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Monday, March 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average target price of C$14.00.

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.