Chartwell Retirement Residences (TSE:CSH.UN) Price Target Increased to C$16.50 by Analysts at CIBC

Chartwell Retirement Residences (TSE:CSH.UN) had its price target lifted by CIBC from C$15.00 to C$16.50 in a report released on Monday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Scotiabank increased their price target on Chartwell Retirement Residences from C$15.00 to C$15.50 and gave the stock an outperform rating in a report on Monday. National Bankshares set a C$15.00 target price on shares of Chartwell Retirement Residences and gave the stock an outperform rating in a research note on Tuesday, July 23rd. Desjardins boosted their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a buy rating in a research note on Monday. TD Securities raised their price objective on shares of Chartwell Retirement Residences from C$16.00 to C$17.00 and gave the company a buy rating in a research report on Monday. Finally, Royal Bank of Canada lifted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Thursday, May 16th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of C$16.17.

Chartwell Retirement Residences Stock Up 1.1 %

Chartwell Retirement Residences stock opened at C$14.51 on Monday. The stock has a 50 day moving average of C$13.22 and a two-hundred day moving average of C$12.67. Chartwell Retirement Residences has a twelve month low of C$9.59 and a twelve month high of C$14.61. The stock has a market capitalization of C$3.94 billion, a price-to-earnings ratio of -85.35 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.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be issued a $0.051 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.22%. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

Chartwell Retirement Residences Company Profile

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.