Analysts Set Chartwell Retirement Residences (TSE:CSH.UN) Price Target at C$17.08

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is C$17.08.

CSH.UN has been the subject of several recent analyst reports. CIBC lifted their target price on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Monday, November 18th.

Chartwell Retirement Residences Stock Up 0.9 %

Shares of Chartwell Retirement Residences stock opened at C$15.61 on Tuesday. Chartwell Retirement Residences has a 1 year low of C$11.41 and a 1 year high of C$16.31. 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 company has a 50-day moving average of C$15.54 and a 200 day moving average of C$14.89. The firm has a market cap of C$4.24 billion, a price-to-earnings ratio of -91.82 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be given a $0.051 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.92%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

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.