Chartwell Retirement Residences (TSE:CSH.UN) Receives C$18.38 Average Price Target from Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$18.38.

A number of brokerages have weighed in on CSH.UN. TD Securities raised their price objective on Chartwell Retirement Residences from C$20.00 to C$21.00 in a research note on Monday, May 12th. CIBC raised their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd. Canaccord Genuity Group set a C$20.50 price objective on Chartwell Retirement Residences and gave the company a “buy” rating in a research note on Thursday, April 3rd. Finally, BMO Capital Markets raised their price objective on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th.

Chartwell Retirement Residences Price Performance

Shares of TSE CSH.UN opened at C$18.01 on Monday. Chartwell Retirement Residences has a fifty-two week low of C$12.15 and a fifty-two week high of C$18.49. The business has a 50 day moving average price of C$16.98 and a two-hundred day moving average price of C$16.30. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The firm has a market cap of C$4.89 billion, a PE ratio of -105.94 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, February 28th. Chartwell Retirement Residences’s dividend payout ratio is presently -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.