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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$21.44.

Several analysts have weighed in on CSH.UN shares. Desjardins boosted their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research note on Monday, August 11th. National Bankshares upped their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Finally, TD Securities dropped their price target on Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Monday, August 11th.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock opened at C$20.48 on Friday. Chartwell Retirement Residences has a fifty-two week low of C$14.71 and a fifty-two week high of C$21.08. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm has a market capitalization of C$5.93 billion, a price-to-earnings ratio of 104.86 and a beta of 0.86. The stock’s 50-day simple moving average is C$19.82 and its 200-day simple moving average is C$18.62.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. Chartwell Retirement Residences’s payout ratio is 313.36%.

Chartwell Retirement Residences Company Profile

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.