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

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has received an average rating of "Buy" from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$18.38.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their target price on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. TD Securities lifted their price objective on shares of 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 price objective on shares of Chartwell Retirement Residences and gave the stock a "buy" rating in a research report on Thursday, April 3rd.

Chartwell Retirement Residences Stock Up 0.1%

TSE:CSH.UN traded up C$0.01 during trading hours on Tuesday, reaching C$18.36. The company had a trading volume of 243,526 shares, compared to its average volume of 339,290. 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$4.98 billion, a price-to-earnings ratio of -108.00 and a beta of 1.12. The business's 50-day simple moving average is C$18.12 and its two-hundred day simple moving average is C$16.88. Chartwell Retirement Residences has a twelve month low of C$12.98 and a twelve month high of C$18.70.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Monday, June 30th. Chartwell Retirement Residences's payout ratio is -358.82%.

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.