Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Recommendation of “Buy” by Analysts

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$17.64.

Several equities research analysts recently commented on the company. TD Securities increased their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. CIBC increased their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd. Finally, BMO Capital Markets boosted their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday, March 3rd.

Chartwell Retirement Residences Stock Up 0.4 %

Shares of Chartwell Retirement Residences stock opened at C$16.71 on Friday. Chartwell Retirement Residences has a 1 year low of C$11.91 and a 1 year high of C$17.69. The firm has a market cap of C$4.53 billion, a price-to-earnings ratio of -98.29 and a beta of 1.12. The company has a 50-day moving average of C$16.47 and a 200 day moving average of C$15.81. 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 Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a $0.051 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.66%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

About Chartwell Retirement Residences

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.