Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$22.00

Chartwell Retirement Residences (TSE:CSH.UN) had its target price increased by Scotiabank from C$20.00 to C$22.00 in a report released on Monday morning,BayStreet.CA reports.

CSH.UN has been the subject of a number of other reports. Royal Bank Of Canada raised their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Monday. BMO Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. Desjardins raised their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Monday. Finally, TD Securities dropped their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$21.07.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN opened at C$18.16 on Monday. Chartwell Retirement Residences has a 12-month low of C$14.27 and a 12-month high of C$18.79. The stock has a market cap of C$4.93 billion, a P/E ratio of -106.82 and a beta of 1.12. 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 company has a 50-day moving average of C$18.08 and a two-hundred day moving average of C$17.33.

Chartwell Retirement Residences Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.051 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 31st. Chartwell Retirement Residences’s payout ratio is currently -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.