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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.051 per share on Wednesday, May 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Monday, April 29th.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock opened at C$12.47 on Friday. The stock has a 50 day moving average of C$12.36 and a two-hundred day moving average of C$11.59. The company has a current ratio of 0.45, a quick ratio of 0.07 and a debt-to-equity ratio of 258.26. Chartwell Retirement Residences has a 12 month low of C$8.75 and a 12 month high of C$12.92. The company has a market capitalization of C$2.98 billion, a P/E ratio of -47.96 and a beta of 1.12.

Wall Street Analysts Forecast Growth

CSH.UN has been the subject of a number of research reports. TD Securities raised their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. Scotiabank raised their target price on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, CIBC raised their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Chartwell Retirement Residences has an average rating of “Buy” and an average price target of C$14.00.

Insider Buying and Selling

In other Chartwell Retirement Residences news, Director Gary Neil Whitelaw purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of C$12.25 per share, with a total value of C$49,000.00. 0.64% of the stock is owned by corporate insiders.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.