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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.051 per share on Monday, December 16th. This represents a $0.61 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 29th.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN remained flat at C$16.18 during mid-day trading on Wednesday. 207,423 shares of the stock traded hands, compared to its average volume of 395,833. The company has a market capitalization of C$4.39 billion, a P/E ratio of -95.18 and a beta of 1.12. Chartwell Retirement Residences has a 1-year low of C$10.64 and a 1-year high of C$16.29. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The company has a fifty day moving average of C$15.55 and a 200-day moving average of C$14.15.

Insider Buying and Selling

In other news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$15.77, for a total value of C$502,627.81. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CSH.UN. National Bankshares upped their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Scotiabank upped their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Desjardins increased their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday, August 12th. CIBC raised their target price on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Finally, Royal Bank of Canada raised their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$17.08.

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.