Brokerages Set Chartwell Retirement Residences (CSH.UN) PT at $16.50

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$16.50.

Several equities analysts recently commented on the company. National Bank Financial boosted their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 17th. CIBC reduced their target price on Chartwell Retirement Residences from C$16.00 to C$15.75 and set a “sector perform” rating for the company in a research report on Monday. TD Securities reduced their target price on Chartwell Retirement Residences from C$18.00 to C$17.50 and set a “buy” rating for the company in a research report on Monday. Finally, Canaccord Genuity reduced their target price on Chartwell Retirement Residences from C$17.50 to C$17.25 and set a “buy” rating for the company in a research report on Tuesday, March 5th.

TSE:CSH.UN opened at C$14.49 on Monday. The company has a debt-to-equity ratio of 221.52, a quick ratio of 0.12 and a current ratio of 0.17. Chartwell Retirement Residences has a 52-week low of C$14.43 and a 52-week high of C$16.50. The firm has a market cap of $3.08 billion and a P/E ratio of 94.09.



The business also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Monday, April 29th. This is a positive change from Chartwell Retirement Residences’s previous monthly dividend of $0.05. Chartwell Retirement Residences’s payout ratio is 383.12%.

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.

Further Reading: Asset Allocation, Balancing Your Investments

Analyst Recommendations for Chartwell Retirement Residences (TSE:CSH.UN)

Receive News & Ratings for Chartwell Retirement Residences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chartwell Retirement Residences and related companies with MarketBeat.com's FREE daily email newsletter.