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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, September 27th, TickerTech reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.051 per share on Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Friday, September 27th.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock opened at C$15.48 on Thursday. Chartwell Retirement Residences has a 12 month low of C$9.59 and a 12 month high of C$16.07. The company has a market capitalization of C$4.20 billion, a P/E ratio of -91.06 and a beta of 1.12. The stock has a 50 day moving average of C$14.47 and a two-hundred day moving average of C$13.25. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Analyst Ratings Changes

Several brokerages recently commented on CSH.UN. Royal Bank of Canada raised 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. TD Securities raised their price objective on shares of Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Scotiabank lifted their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. CIBC increased their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Desjardins raised their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Chartwell Retirement Residences has a consensus rating of “Buy” and a consensus target price of C$16.50.

Insider Buying and Selling

In other news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. 0.57% of the stock is currently owned by corporate insiders.

Chartwell Retirement Residences Company Profile

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.