Royal Bank Of Canada Forecasts Strong Price Appreciation for Chartwell Retirement Residences (TSE:CSH.UN) Stock

Chartwell Retirement Residences (TSE:CSH.UN) had its target price increased by Royal Bank Of Canada from C$20.00 to C$21.00 in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CSH.UN has been the topic of several other reports. BMO Capital Markets upped their target price on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. TD Securities cut their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Desjardins increased their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Chartwell Retirement Residences currently has an average rating of “Buy” and an average target price of C$21.07.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN opened at C$18.16 on Monday. Chartwell Retirement Residences has a fifty-two week low of C$14.27 and a fifty-two week high of C$18.79. The firm’s 50 day moving average price is C$18.08 and its 200 day moving average price is C$17.33. The company has a market cap of C$4.93 billion, a P/E ratio of -106.82 and a beta of 1.12. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be given a $0.051 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -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.