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

Key Points

• Chartwell Retirement Residences declared a monthly dividend of $0.05 per share, representing an annualized dividend of $0.61 and a yield of 3.55%.
• The stock's current market capitalization is C$4.68 billion with a price-to-earnings ratio of -101.47 and a recent trading price of C$17.25.
• Analysts have recently upgraded their price objectives for Chartwell, with targets ranging from C$20.50 to C$21.00 and a consensus rating of "Buy".

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Investors of record on Friday, August 15th will be paid a dividend of 0.051 per share on Friday, August 15th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, July 31st.

Chartwell Retirement Residences Stock Down 0.1%

CSH.UN traded down C$0.02 during trading on Friday, hitting C$17.69. The stock had a trading volume of 276,446 shares, compared to its average volume of 335,889. The stock has a 50 day simple moving average of C$18.12 and a two-hundred day simple moving average of C$17.17. The company has a market capitalization of C$4.80 billion, a PE ratio of -104.06 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. Chartwell Retirement Residences has a twelve month low of C$13.40 and a twelve month high of C$18.70.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. 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. TD Securities lifted their price target on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 in a report on Monday, May 12th. Finally, BMO Capital Markets increased their target price on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$18.38.

Chartwell Retirement Residences Company Profile

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.