Chartwell Retirement Residences (TSE:CSH.UN) Plans Dividend Increase - $0.05 Per Share

Key Points

• Chartwell declared a monthly dividend of C$0.052 per share payable May 15 to holders of record May 15, a 2.0% increase from the prior C$0.05 and representing an annualized yield of about 3.0%.
• Wall Street sentiment is broadly positive: several firms (including BMO, RBC, TD) raised price targets and the stock carries an average analyst target of C$24.94 with multiple Buy/Outperform ratings.
• Investors should note financial-stability concerns: Chartwell has a market cap of C$6.5B but a high debt-to-equity ratio of 192.20 and low liquidity ratios (current ratio 0.43, quick ratio 0.07), alongside a high trailing P/E of 219.29.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) declared a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Stockholders of record on Friday, May 15th will be paid a dividend of 0.052 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 30th. This is a 2.0% increase from Chartwell Retirement Residences's previous monthly dividend of $0.05.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN stock opened at C$20.50 on Tuesday. The company has a market cap of C$6.50 billion, a price-to-earnings ratio of 219.29 and a beta of 0.82. The stock has a 50 day simple moving average of C$21.10 and a 200-day simple moving average of C$20.66. Chartwell Retirement Residences has a 12-month low of C$17.05 and a 12-month high of C$23.21. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$303.73 million during the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. On average, equities analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CSH.UN shares. BMO Capital Markets increased their target price on Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. ATB Cormark Capital Markets upped their price target on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Royal Bank Of Canada upped their price target on Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. TD Securities upped their price target on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, Canaccord Genuity Group upped their price target on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences has an average rating of "Buy" and an average price target of C$24.94.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.