Chartwell Retirement Residences (TSE:CSH.UN) Receives Average Rating of "Buy" from Brokerages

Key Points

• Chartwell Retirement Residences has received a consensus recommendation of "Buy" from eight brokerages, indicating strong analyst confidence in the stock.
• The average twelve-month price target for Chartwell Retirement Residences is C$18.38, with some analysts raising their price objectives to C$21.00.
• The company recently announced a monthly dividend of $0.051 per share, equating to an annualized dividend yield of 3.5%.

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

CSH.UN has been the subject of several recent research reports. TD Securities lifted their price objective on Chartwell Retirement Residences from C$20.00 to C$21.00 in a report on Monday, May 12th. 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 up C$0.01 during mid-day trading on Friday, reaching C$18.09. 140,941 shares of the company's stock were exchanged, compared to its average volume of 335,872. The firm has a market capitalization of C$4.91 billion, a price-to-earnings ratio of -106.41 and a beta of 1.12. Chartwell Retirement Residences has a 52 week low of C$13.70 and a 52 week high of C$18.70. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The firm has a 50-day moving average price of C$18.10 and a two-hundred day moving average price of C$17.23.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. Chartwell Retirement Residences's dividend payout ratio (DPR) 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.