Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Expected to Rise, CIBC Analyst Says

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective raised by CIBC from C$16.50 to C$19.00 in a research note issued to investors on Monday,BayStreet.CA reports.

CSH.UN has been the topic of a number of other reports. Scotiabank raised their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. National Bankshares lifted 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 Tuesday, August 13th. Royal Bank of Canada increased their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities upped their price target on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Monday. Finally, Desjardins increased their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and a consensus target price of C$17.08.

Chartwell Retirement Residences Stock Down 0.9 %

Shares of TSE CSH.UN opened at C$15.91 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The company has a market cap of C$4.32 billion, a price-to-earnings ratio of -93.59 and a beta of 1.12. Chartwell Retirement Residences has a 12-month low of C$10.64 and a 12-month high of C$16.23. The firm’s 50-day simple moving average is C$15.53 and its 200 day simple moving average is C$14.07.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -358.82%.

Insider Transactions at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 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.