Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) Target Price at C$17.21

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$17.21.

CSH.UN has been the subject of a number of research analyst reports. TD Securities upped their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Monday, November 18th. CIBC upped their price target on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Finally, BMO Capital Markets set a C$18.00 price target on shares of Chartwell Retirement Residences and gave the company an “outperform” rating in a report on Thursday, January 30th.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock opened at C$16.11 on Friday. The stock has a fifty day moving average price of C$15.60 and a 200 day moving average price of C$15.25. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 52 week low of C$11.80 and a 52 week high of C$16.50. The firm has a market capitalization of C$4.37 billion, a P/E ratio of -94.76 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.051 per share. The ex-dividend date is Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a yield of 3.80%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -358.82%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.