Chartwell Retirement Residences (TSE:CSH.UN) Receives C$16.33 Average Price Target from Analysts

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is C$16.50.

CSH.UN has been the topic of a number of recent research reports. Scotiabank upped their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. National Bankshares upped their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Desjardins upped their target price on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday, August 12th. CIBC upped their target price on Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada upped their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, August 12th.

Chartwell Retirement Residences Stock Performance

CSH.UN opened at C$15.58 on Wednesday. Chartwell Retirement Residences has a 1-year low of C$9.59 and a 1-year high of C$16.07. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The stock’s 50 day simple moving average is C$14.13 and its 200 day simple moving average is C$13.09. The stock has a market cap of C$4.23 billion, a P/E ratio of -91.65 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, July 31st. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

Insiders Place Their Bets

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. Corporate insiders own 0.57% of the company’s stock.

About Chartwell Retirement Residences

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.