Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$25.50

Chartwell Retirement Residences (TSE:CSH.UN) had its price target boosted by ATB Cormark Capital Markets from C$25.00 to C$25.50 in a research note published on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently issued reports on CSH.UN. 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. Desjardins upped their target price on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday. Scotiabank lifted their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday. TD Securities upped their target price on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce increased their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences presently has an average rating of “Buy” and an average target price of C$24.94.

Chartwell Retirement Residences Stock Performance

Shares of Chartwell Retirement Residences stock opened at C$21.58 on Monday. 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 12 month low of C$15.59 and a 12 month high of C$23.21. The stock’s fifty day moving average price is C$21.04 and its 200-day moving average price is C$20.22. The firm has a market cap of C$6.56 billion, a P/E ratio of 223.00 and a beta of 0.72.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared 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. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, February 27th. Chartwell Retirement Residences’s dividend payout ratio is 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.