Chartwell Retirement Residences (TSE:CSH.UN) Announces $0.05 Monthly Dividend

Chartwell Retirement Residences (TSE:CSH.UN) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.051 per share on Monday, December 16th. This represents a $0.61 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, November 29th.

Chartwell Retirement Residences Price Performance

TSE:CSH.UN remained flat at C$16.18 on Wednesday. The company’s stock had a trading volume of 207,423 shares, compared to its average volume of 395,833. Chartwell Retirement Residences has a 12 month low of C$10.64 and a 12 month high of C$16.29. 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$15.55 and a 200 day moving average of C$14.15. The firm has a market capitalization of C$4.39 billion, a price-to-earnings ratio of -95.18 and a beta of 1.12.

Insider Activity

In other news, Director Vlad Volodarski sold 31,872 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CSH.UN shares. Royal Bank of Canada boosted their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. National Bankshares raised their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Scotiabank lifted their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. CIBC upped their target price on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Finally, TD Securities boosted their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$17.08.

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.