Chartwell Retirement Residences (TSE:CSH.UN) Given a C$20.50 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$20.50 price target on Chartwell Retirement Residences (TSE:CSH.UN) in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. BMO Capital Markets upped their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday, March 3rd. CIBC upped their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd. Finally, TD Securities lifted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$18.00.

Chartwell Retirement Residences Trading Up 0.3 %

Shares of Chartwell Retirement Residences stock opened at C$16.93 on Thursday. Chartwell Retirement Residences has a 1-year low of C$12.05 and a 1-year high of C$17.69. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The stock has a market cap of C$4.59 billion, a P/E ratio of -99.59 and a beta of 1.12. The stock’s 50 day simple moving average is C$16.56 and its 200-day simple moving average is C$15.87.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, February 28th. 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.