Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Chartwell Retirement Residences (TSE:CSH.UN) has received an average analyst rating of "Buy", with a 12-month price target averaging C$21.07.
• The company recently announced a monthly dividend of $0.051 per share, yielding approximately 3.4% annually.
• As of Wednesday, shares opened at C$17.92, with a market cap of C$4.86 billion and a significant debt-to-equity ratio of 192.20.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) have been assigned a consensus rating of "Buy" from the six brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is C$21.07.

Several brokerages have recently weighed in on CSH.UN. TD Securities lowered their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Desjardins lifted their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Scotiabank boosted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research report on Monday, August 11th. Royal Bank Of Canada boosted their price objective 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. Finally, BMO Capital Markets upped their price target on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock traded up C$0.22 during midday trading on Wednesday, hitting C$18.52. 357,452 shares of the company's stock were exchanged, compared to its average volume of 410,242. The stock has a market cap of C$5.36 billion, a price-to-earnings ratio of 94.83 and a beta of 0.79. The firm's 50 day simple moving average is C$18.15 and its 200 day simple moving average is C$17.52. 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 12-month low of C$14.43 and a 12-month high of C$18.79.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 29th. Chartwell Retirement Residences's dividend payout ratio (DPR) is presently 313.36%.

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.