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

Chartwell Retirement Residences (TSE:CSH.UN) has earned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$17.08.

Several research firms have recently weighed in on CSH.UN. Desjardins raised their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. TD Securities increased their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Monday, November 18th. CIBC boosted their target price on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Scotiabank increased their price target on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th.

Insiders Place Their Bets

In other news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. 0.55% of the stock is owned by insiders.

Chartwell Retirement Residences Trading Down 0.7 %

Shares of CSH.UN stock opened at C$16.15 on Monday. Chartwell Retirement Residences has a fifty-two week low of C$10.64 and a fifty-two week high of C$16.31. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The stock’s fifty day moving average is C$15.59 and its two-hundred day moving average is C$14.21. The firm has a market capitalization of C$4.38 billion, a P/E ratio of -95.00 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, November 29th. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.