Chartwell Retirement Residences to Issue Monthly Dividend of $0.05 (TSE:CSH.UN)

Chartwell Retirement Residences (TSE:CSH.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.051 per share on Monday, March 17th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, February 28th.

Chartwell Retirement Residences Stock Performance

TSE CSH.UN traded up C$0.22 on Wednesday, reaching C$16.95. 20,178 shares of the stock were exchanged, compared to its average volume of 300,031. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a one year low of C$11.91 and a one year high of C$17.12. The firm has a market capitalization of C$4.60 billion, a PE ratio of -99.71 and a beta of 1.12. The company’s 50-day simple moving average is C$15.75 and its two-hundred day simple moving average is C$15.44.

Analyst Ratings Changes

Several analysts have recently commented on CSH.UN shares. BMO Capital Markets set a C$18.00 price objective on shares of Chartwell Retirement Residences and gave the company an “outperform” rating in a research report on Thursday, January 30th. CIBC raised their price target on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Finally, TD Securities boosted their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$17.21.

About Chartwell Retirement Residences

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.