Chartwell Retirement Residences (TSE:CSH.UN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$17.64.

A number of research analysts recently weighed in on the stock. CIBC raised their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research report on Monday, March 3rd. TD Securities lifted their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, BMO Capital Markets lifted their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday, March 3rd.

Chartwell Retirement Residences Trading Down 1.5 %

Shares of TSE:CSH.UN opened at C$16.72 on Wednesday. The firm has a market cap of C$4.54 billion, a price-to-earnings ratio of -98.35 and a beta of 1.12. Chartwell Retirement Residences has a 12 month low of C$11.91 and a 12 month high of C$17.69. The company’s fifty day simple moving average is C$16.02 and its 200 day simple moving average is C$15.61. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, February 28th. Chartwell Retirement Residences’s payout ratio is -358.82%.

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.