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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have earned a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$17.08.

Several equities analysts have recently issued reports on the company. Scotiabank boosted their price objective 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. CIBC boosted their price target on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Finally, TD Securities raised their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

Chartwell Retirement Residences Price Performance

TSE:CSH.UN opened at C$15.21 on Friday. The firm’s fifty day moving average is C$15.70 and its two-hundred day moving average is C$14.57. The firm has a market cap of C$4.13 billion, a price-to-earnings ratio of -89.47 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. Chartwell Retirement Residences has a one year low of C$11.40 and a one year high of C$16.31.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 4.02%. The ex-dividend date was Friday, November 29th. Chartwell Retirement Residences’s payout ratio is currently -358.82%.

About Chartwell Retirement Residences

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.