Chartwell Retirement Residences (TSE:CSH.UN) Given New C$21.00 Price Target at BMO Capital Markets

Chartwell Retirement Residences (TSE:CSH.UN) had its target price boosted by BMO Capital Markets from C$19.00 to C$21.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the company. CIBC boosted their target price on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd. Canaccord Genuity Group set a C$20.50 price target on shares of Chartwell Retirement Residences and gave the company a “buy” rating in a research note on Thursday, April 3rd. Finally, TD Securities upped their price objective on Chartwell Retirement Residences from C$20.00 to C$21.00 in a research note on Monday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$18.38.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock opened at C$17.78 on Monday. The stock has a fifty day simple moving average of C$16.78 and a two-hundred day simple moving average of C$16.19. 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 twelve month low of C$12.15 and a twelve month high of C$18.49. The stock has a market capitalization of C$4.83 billion, a price-to-earnings ratio of -104.59 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a $0.051 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.44%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

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.