Chartwell Retirement Residences (TSE:CSH.UN) Receives C$17.08 Consensus Target Price from Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$17.08.

A number of equities analysts have recently commented on the stock. TD Securities raised their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Scotiabank lifted their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada raised their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. National Bankshares raised their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Finally, Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th.

Chartwell Retirement Residences Trading Down 0.7 %

Shares of TSE CSH.UN opened at C$16.15 on Monday. Chartwell Retirement Residences has a fifty-two week low of C$10.64 and a fifty-two week high of C$16.31. 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 market cap of C$4.38 billion, a price-to-earnings ratio of -95.00 and a beta of 1.12. The business’s 50 day moving average price is C$15.59 and its 200-day moving average price is C$14.21.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, November 29th. Chartwell Retirement Residences’s payout ratio is -358.82%.

Insider Activity at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction that occurred on 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 owned by insiders.

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.