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

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has received an average rating of "Buy" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$18.38.

Several analysts recently issued reports on CSH.UN shares. BMO Capital Markets raised their target price on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. TD Securities lifted their price objective on Chartwell Retirement Residences from C$20.00 to C$21.00 in a research report on Monday, May 12th. Finally, Canaccord Genuity Group set a C$20.50 target price on Chartwell Retirement Residences and gave the company a "buy" rating in a report on Thursday, April 3rd.

Chartwell Retirement Residences Price Performance

Shares of Chartwell Retirement Residences stock traded up C$0.06 during trading on Tuesday, hitting C$18.42. 304,644 shares of the stock traded hands, compared to its average volume of 338,222. The firm's fifty day moving average is C$18.08 and its 200-day moving average is C$16.84. The stock has a market cap of C$5.00 billion, a price-to-earnings ratio of -108.35 and a beta of 1.12. Chartwell Retirement Residences has a 52 week low of C$12.94 and a 52 week high of C$18.70. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Monday, June 30th. Chartwell Retirement Residences's dividend payout ratio (DPR) is -358.82%.

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.