Analysts Set Chartwell Retirement Residences (TSE:CSH.UN) Price Target at C$18.38

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has been given an average recommendation of "Buy" by the eight analysts that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$18.38.

CSH.UN has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. TD Securities increased their target price on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 in a report on Monday, May 12th. Finally, Canaccord Genuity Group set a C$20.50 target price on shares of Chartwell Retirement Residences and gave the stock a "buy" rating in a report on Thursday, April 3rd.

Chartwell Retirement Residences Stock Up 1.0%

CSH.UN traded up C$0.19 during trading on Tuesday, reaching C$18.55. 9,634 shares of the stock were exchanged, compared to its average volume of 335,897. The stock has a market cap of C$5.03 billion, a P/E ratio of -109.12 and a beta of 1.12. Chartwell Retirement Residences has a twelve month low of C$12.94 and a twelve month high of C$18.70. The stock's 50 day moving average price is C$18.08 and its two-hundred day moving average price is C$16.84. 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 Announces Dividend

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 issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, June 30th. Chartwell Retirement Residences's dividend payout ratio is currently -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.