Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Rating of "Buy" by Brokerages

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has been given a consensus rating of "Buy" by the eight research firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is C$18.00.

Several analysts have commented on CSH.UN shares. TD Securities lifted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Canaccord Genuity Group set a C$20.50 price target on shares of Chartwell Retirement Residences and gave the stock a "buy" rating in a research report on Thursday, April 3rd. CIBC upped their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd. Finally, BMO Capital Markets increased their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research note on Monday, March 3rd.

Chartwell Retirement Residences Price Performance

Shares of Chartwell Retirement Residences stock traded up C$0.09 during trading on Thursday, hitting C$17.30. 22,935 shares of the company were exchanged, compared to its average volume of 345,913. The firm has a 50 day moving average price of C$16.60 and a 200 day moving average price of C$16.00. The stock has a market capitalization of C$4.69 billion, a price-to-earnings ratio of -101.76 and a beta of 1.12. 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 has a fifty-two week low of C$12.15 and a fifty-two week high of C$17.69.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Friday, February 28th. Chartwell Retirement Residences's dividend payout ratio (DPR) 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.