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

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has been given an average recommendation of "Buy" by the eight brokerages that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$18.38.

A number of brokerages have weighed in on CSH.UN. 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. TD Securities lifted their target price on Chartwell Retirement Residences from C$20.00 to C$21.00 in a report on Monday, May 12th. Finally, BMO Capital Markets lifted their target price on Chartwell Retirement Residences from C$19.00 to C$21.00 in a report on Monday, May 12th.

Chartwell Retirement Residences Stock Performance

Shares of TSE:CSH.UN traded down C$0.07 during trading on Tuesday, reaching C$18.35. 574,916 shares of the stock were exchanged, compared to its average volume of 340,015. The firm has a market cap of C$4.98 billion, a PE ratio of -107.94 and a beta of 1.12. Chartwell Retirement Residences has a 12 month low of C$12.94 and a 12 month high of C$18.70. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The stock has a 50-day moving average price of C$18.12 and a 200-day moving average price of C$16.88.

Chartwell Retirement Residences Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, June 30th. Chartwell Retirement Residences's dividend payout ratio is currently -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.