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

Chartwell Retirement Residences (TSE:CSH.UN) has received an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$16.50.

A number of equities research analysts have commented on the stock. CIBC raised their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities raised their price target on shares of Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Scotiabank raised their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. 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 report on Monday, August 12th. Finally, Royal Bank of Canada raised their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Monday, August 12th.

Insider Buying and Selling at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the firm’s stock in a transaction 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. Insiders own 0.57% of the company’s stock.

Chartwell Retirement Residences Price Performance

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 firm has a market capitalization of C$4.13 billion, a PE ratio of -88.71 and a beta of 1.12. The business’s fifty day moving average price is C$14.75 and its two-hundred day moving average price is C$13.40. Chartwell Retirement Residences has a 12-month low of C$9.87 and a 12-month high of C$16.07.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of ?. The ex-dividend date of this dividend is Friday, September 27th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -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.