Chartwell Retirement Residences (TSE:CSH.UN – Free Report) had its price target upped by TD Securities from C$16.00 to C$17.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts also recently issued reports on CSH.UN. Desjardins raised their price objective on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a buy rating in a research report on Monday. Scotiabank upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$15.50 and gave the company an outperform rating in a research report on Monday. Royal Bank of Canada lifted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an outperform rating in a research report on Thursday, May 16th. Finally, National Bankshares set a C$15.00 price objective on Chartwell Retirement Residences and gave the company an outperform rating in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of C$16.17.
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Chartwell Retirement Residences Price Performance
Chartwell Retirement Residences Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be paid a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 4.22%. The ex-dividend date is Wednesday, July 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -358.82%.
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.
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