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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be paid a dividend of 0.052 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th.

Chartwell Retirement Residences Trading Up 0.3%

Shares of TSE:CSH.UN opened at C$20.82 on Wednesday. The stock has a market capitalization of C$6.75 billion, a PE ratio of -32,943.04 and a beta of 0.82. Chartwell Retirement Residences has a 1 year low of C$17.20 and a 1 year high of C$23.21. The firm has a fifty day moving average price of C$20.85 and a 200 day moving average price of C$20.76. 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 (TSE:CSH.UN) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. The firm had revenue of C$314.65 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSH.UN. ATB Cormark Capital Markets upped their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a report on Monday, March 2nd. National Bank Financial upped their price objective on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a report on Monday, May 11th. BMO Capital Markets upped their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Royal Bank Of Canada upped their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, TD upped their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Company Profile

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.