Chartwell Retirement Residences (TSE:CSH.UN) Given Average Rating of "Buy" by Brokerages

Key Points

• Chartwell Retirement Residences (TSE:CSH.UN) has received an average rating of "Buy" from six brokerages, with a twelve-month target price averaging C$21.44.
• The company's shares recently traded at C$19.85, reflecting a 52-week range of C$14.71 to C$20.58.
• Chartwell announced a monthly dividend of $0.051 per share, representing an annualized yield of 3.1%, although the payout ratio is notably high at 313.36%.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$21.44.

A number of research analysts have weighed in on CSH.UN shares. Desjardins lifted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Royal Bank Of Canada lifted their price target on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. National Bankshares lifted their price target on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an "outperform" rating in a research report on Wednesday. Scotiabank lifted their target price on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a report on Monday, August 11th. Finally, TD Securities dropped their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating for the company in a report on Monday, August 11th.

Chartwell Retirement Residences Price Performance

Shares of TSE:CSH.UN traded down C$0.17 during trading on Wednesday, reaching C$19.85. 143,906 shares of the company's stock traded hands, compared to its average volume of 409,575. Chartwell Retirement Residences has a fifty-two week low of C$14.71 and a fifty-two week high of C$20.58. 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$5.75 billion, a PE ratio of 101.64 and a beta of 0.67. The company has a 50-day simple moving average of C$18.87 and a 200-day simple moving average of C$18.03.

Chartwell Retirement Residences Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were paid a $0.051 dividend. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 3.1%. Chartwell Retirement Residences's payout ratio is 313.36%.

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.

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