Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) Price Target at C$21.07

Key Points

• Chartwell Retirement Residences has received a consensus rating of "Buy" from six analysts, with an average 12-month price target of C$21.07.
• The company recently declared a monthly dividend of $0.051 per share, corresponding to an annualized yield of 3.4%.
• Chartwell's current stock price is C$17.92, with a recent 12-month high of C$18.79 and a low of C$14.43.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has received a consensus recommendation of "Buy" from the six analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$21.07.

Several analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research report on Monday, August 11th. Desjardins lifted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Monday, August 11th. BMO Capital Markets lifted 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 cut their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Finally, Royal Bank Of Canada lifted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research report on Monday, August 11th.

Chartwell Retirement Residences Stock Performance

TSE:CSH.UN traded up C$0.22 during mid-day trading on Wednesday, hitting C$18.52. The stock had a trading volume of 357,452 shares, compared to its average volume of 410,242. The stock has a market capitalization of C$5.36 billion, a price-to-earnings ratio of 94.83 and a beta of 0.79. The company has a 50 day simple moving average of C$18.15 and a 200-day simple moving average of C$17.52. Chartwell Retirement Residences has a 52 week low of C$14.43 and a 52 week high of C$18.79. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Chartwell Retirement Residences's payout ratio is 313.36%.

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.