Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) Target Price at C$17.08

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have earned an average recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$17.08.

A number of brokerages have weighed in on CSH.UN. TD Securities boosted their price objective 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, November 18th. CIBC increased their price target on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. Finally, Scotiabank raised their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th.

Chartwell Retirement Residences Stock Up 0.1 %

Chartwell Retirement Residences stock opened at C$15.21 on Friday. The company has a market capitalization of C$4.13 billion, a P/E 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 fifty-two week low of C$11.40 and a fifty-two week high of C$16.31. The stock has a 50-day simple moving average of C$15.70 and a 200-day simple moving average of C$14.61.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a $0.051 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.61 dividend on an annualized basis and a yield of 4.02%. 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.