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

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is C$17.21.

A number of brokerages recently weighed in on CSH.UN. TD Securities raised their price target on shares of 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 raised their target price on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Finally, BMO Capital Markets set a C$18.00 price target on Chartwell Retirement Residences and gave the stock an “outperform” rating in a research report on Thursday, January 30th.

Chartwell Retirement Residences Stock Performance

CSH.UN opened at C$16.37 on Friday. The company has a market cap of C$4.44 billion, a price-to-earnings ratio of -96.29 and a beta of 1.12. The firm’s fifty day simple moving average is C$15.62 and its two-hundred day simple moving average is C$15.28. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 52-week low of C$11.91 and a 52-week high of C$16.73.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared 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 is Friday, January 31st. This represents a $0.61 annualized dividend and a dividend yield of 3.74%. Chartwell Retirement Residences’s dividend payout ratio 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.