Chartwell Retirement Residences (TSE:CSH.UN) Director Gary Neil Whitelaw Purchases 4,000 Shares

Chartwell Retirement Residences (TSE:CSH.UN) Director Gary Neil Whitelaw acquired 4,000 shares of the firm’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.

Chartwell Retirement Residences Stock Up 1.2 %

Shares of TSE CSH.UN opened at C$12.35 on Thursday. Chartwell Retirement Residences has a 52 week low of C$8.10 and a 52 week high of C$12.46. The business has a 50-day simple moving average of C$12.10 and a two-hundred day simple moving average of C$11.27. The company has a quick ratio of 0.07, a current ratio of 0.45 and a debt-to-equity ratio of 258.26. The company has a market cap of C$2.95 billion, a P/E ratio of -47.50 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 15th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.61 annualized dividend and a yield of 4.96%. Chartwell Retirement Residences’s dividend payout ratio is currently -234.62%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSH.UN. TD Securities lifted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Monday, March 11th. CIBC lifted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 in a report on Monday, March 11th. Finally, Scotiabank lifted their price objective on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average price target of C$14.00.

Chartwell Retirement Residences Company Profile

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.