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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is C$17.21.

Several equities analysts have issued reports on the company. BMO Capital Markets set a C$18.00 target price on Chartwell Retirement Residences and gave the company an “outperform” rating in a research note on Thursday, January 30th. TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, CIBC increased their target price on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th.

Chartwell Retirement Residences Trading Down 0.7 %

TSE CSH.UN opened at C$16.37 on Friday. Chartwell Retirement Residences has a one year low of C$11.91 and a one year high of C$16.73. 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 company has a market capitalization of C$4.44 billion, a price-to-earnings ratio of -96.29 and a beta of 1.12. The company’s 50-day simple moving average is C$15.62 and its two-hundred day simple moving average is C$15.28.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.051 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.74%. Chartwell Retirement Residences’s payout ratio is -358.82%.

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.