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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.051 per share on Monday, March 17th. This represents a $0.61 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, February 28th.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN traded up C$0.20 during trading hours on Wednesday, hitting C$16.93. The stock had a trading volume of 27,478 shares, compared to its average volume of 300,093. The firm has a market capitalization of C$4.59 billion, a PE ratio of -99.59 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. Chartwell Retirement Residences has a 12 month low of C$11.91 and a 12 month high of C$17.12. The stock has a fifty day moving average price of C$15.75 and a 200 day moving average price of C$15.44.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Securities boosted their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. CIBC upped their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. Finally, 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. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average target price of C$17.21.

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.