Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Expected to Rise, CIBC Analyst Says

Chartwell Retirement Residences (TSE:CSH.UN) had its price target lifted by CIBC from C$19.00 to C$20.00 in a report released on Monday,BayStreet.CA reports.

CSH.UN has been the subject of a number of other research reports. TD Securities raised 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. BMO Capital Markets set a C$18.00 price objective on Chartwell Retirement Residences and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$17.64.

Chartwell Retirement Residences Stock Performance

Shares of Chartwell Retirement Residences stock opened at C$17.33 on Monday. 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$4.70 billion, a PE ratio of -101.94 and a beta of 1.12. The company has a 50-day simple moving average of C$15.91 and a two-hundred day simple moving average of C$15.55. Chartwell Retirement Residences has a one year low of C$11.91 and a one year high of C$17.69.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, February 28th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -358.82%.

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.