Chartwell Retirement Residences (TSE:CSH.UN) Receives C$24.94 Consensus Target Price from Analysts

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is C$24.94.

A number of equities analysts have recently issued reports on CSH.UN shares. Scotiabank increased their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Canadian Imperial Bank of Commerce boosted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. Royal Bank Of Canada upped their target price on Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Canaccord Genuity Group increased their target price on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Desjardins lifted their price target on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, March 2nd.

Chartwell Retirement Residences Trading Down 1.2%

TSE CSH.UN opened at C$21.14 on Monday. Chartwell Retirement Residences has a one year low of C$15.59 and a one year high of C$23.21. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The company has a market capitalization of C$6.43 billion, a price-to-earnings ratio of 218.46 and a beta of 0.73. The company’s 50-day simple moving average is C$21.09 and its two-hundred day simple moving average is C$20.24.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 2.9%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently 632.43%.

About Chartwell Retirement Residences

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.