Chartwell Retirement Residences (TSE:CSH.UN) Plans $0.05 Monthly Dividend

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) declared a monthly dividend on Monday, June 30th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.051 per share on Tuesday, July 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, June 30th.

Chartwell Retirement Residences Stock Performance

TSE CSH.UN traded up C$0.23 during trading hours on Tuesday, reaching C$18.59. 415,408 shares of the company were exchanged, compared to its average volume of 339,552. The business's 50 day simple moving average is C$17.89 and its 200-day simple moving average is C$16.73. Chartwell Retirement Residences has a 1 year low of C$12.81 and a 1 year high of C$18.70. The stock has a market capitalization of C$5.04 billion, a P/E ratio of -109.35 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CSH.UN shares. Canaccord Genuity Group set a C$20.50 target price on Chartwell Retirement Residences and gave the stock a "buy" rating in a report on Thursday, April 3rd. CIBC increased their target price on Chartwell Retirement Residences from C$19.00 to C$20.00 in a research report on Monday, March 3rd. TD Securities lifted their price target on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 in a research note on Monday, May 12th. Finally, BMO Capital Markets increased their price objective on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$18.38.

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.