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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.051 per share on Monday, March 17th. This represents a $0.61 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, February 28th.

Chartwell Retirement Residences Trading Up 0.5 %

CSH.UN traded up C$0.08 during trading on Wednesday, hitting C$16.81. 43,741 shares of the company’s stock were exchanged, compared to its average volume of 300,673. The stock has a 50 day moving average price of C$15.75 and a 200 day moving average price of C$15.44. The firm has a market cap of C$4.56 billion, a P/E ratio of -98.88 and a beta of 1.12. 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 has a 1 year low of C$11.91 and a 1 year high of C$17.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. CIBC lifted their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. BMO Capital Markets set a C$18.00 price target on Chartwell Retirement Residences and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, TD Securities increased their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$17.21.

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.