Chartwell Retirement Residences (TSE:CSH.UN) Declares Monthly Dividend of $0.05

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.051 per share on Monday, December 16th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Friday, November 29th.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN stock remained flat at C$16.18 during mid-day trading on Wednesday. 207,423 shares of the stock were exchanged, compared to its average volume of 395,833. Chartwell Retirement Residences has a 12-month low of C$10.64 and a 12-month high of C$16.29. The firm’s 50 day moving average price is C$15.55 and its 200 day moving average price is C$14.15. 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 stock has a market cap of C$4.39 billion, a price-to-earnings ratio of -95.18 and a beta of 1.12.

Wall Street Analysts Forecast Growth

CSH.UN has been the subject of a number of recent research reports. TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Desjardins boosted 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 boosted their price objective on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. CIBC upped their target price on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Finally, Royal Bank of Canada upped 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 Monday, August 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$17.08.

Insiders Place Their Bets

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

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.