Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$24.00

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective upped by Canaccord Genuity Group from C$22.50 to C$24.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research analysts have also recently commented on CSH.UN. TD Securities boosted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. Canadian Imperial Bank of Commerce lifted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. Finally, Scotiabank upped their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research report on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$24.94.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock opened at C$21.58 on Monday. The firm has a market capitalization of C$6.56 billion, a PE ratio of 223.00 and a beta of 0.72. Chartwell Retirement Residences has a one year low of C$15.59 and a one year high of C$23.21. The stock’s 50 day moving average price is C$21.04 and its 200 day moving average price is C$20.22. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, February 27th. Chartwell Retirement Residences’s dividend payout ratio is 632.43%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.