Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) Target Price at C$17.21

Chartwell Retirement Residences (TSE:CSH.UN) has earned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$17.21.

CSH.UN has been the subject of several analyst reports. CIBC increased their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. BMO Capital Markets set a C$18.00 target price on Chartwell Retirement Residences and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, TD Securities increased their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Monday, November 18th.

Chartwell Retirement Residences Price Performance

Chartwell Retirement Residences stock opened at C$16.26 on Friday. The company has a 50-day moving average price of C$15.60 and a 200 day moving average price of C$15.21. Chartwell Retirement Residences has a 12-month low of C$11.76 and a 12-month high of C$16.50. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The stock has a market cap of C$4.41 billion, a P/E ratio of -95.65 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.051 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.61 annualized dividend and a yield of 3.76%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -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.