Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) PT at C$16.50

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$16.50.

CSH.UN has been the topic of a number of research analyst reports. TD Securities increased their price target on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Desjardins increased their price objective 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. National Bankshares lifted their target price 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 Tuesday, August 13th. CIBC increased their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a report on Monday, August 12th. 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.

Insiders Place Their Bets

In related 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. Corporate insiders own 0.55% 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. Chartwell Retirement Residences has a 52-week low of C$10.16 and a 52-week high of C$16.16. The company has a 50-day simple moving average of C$15.32 and a 200 day simple moving average of C$13.84. The firm has a market capitalization of C$4.15 billion, a PE ratio of -91.00 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a $0.051 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.61 annualized dividend and a dividend yield of ∞. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -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.