Chartwell Retirement Residences (TSE:CSH.UN) Receives Average Recommendation of “Buy” from Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has received a consensus rating of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$17.64.

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday, March 3rd. TD Securities upped 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. Finally, CIBC upped their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd.

Chartwell Retirement Residences Stock Performance

Shares of TSE:CSH.UN opened at C$16.62 on Wednesday. The company has a market capitalization of C$4.51 billion, a price-to-earnings ratio of -97.76 and a beta of 1.12. Chartwell Retirement Residences has a 12 month low of C$11.91 and a 12 month high of C$17.69. The firm’s 50-day moving average is C$16.09 and its 200 day moving average is C$15.64. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a dividend of $0.051 per share. The ex-dividend date is Friday, February 28th. This represents a $0.61 dividend on an annualized basis and a yield of 3.68%. Chartwell Retirement Residences’s payout ratio 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.