Chartwell Retirement Residences (CSH.UN) to Issue Monthly Dividend of $0.05 on March 17th

Chartwell Retirement Residences (TSE:CSH.UN) declared 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 dividend yield of 3.64%. The ex-dividend date is Friday, February 28th.

Chartwell Retirement Residences Trading Up 0.5 %

Shares of CSH.UN traded up C$0.08 during midday trading on Wednesday, reaching C$16.81. The company had a trading volume of 43,741 shares, compared to its average volume of 300,673. The firm has a 50 day simple moving average of C$15.75 and a 200-day simple moving average of C$15.44. Chartwell Retirement Residences has a 1-year low of C$11.91 and a 1-year high of C$17.12. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The stock has a market cap of C$4.56 billion, a PE ratio of -98.88 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CSH.UN. CIBC lifted their price target on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. TD Securities increased their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, BMO Capital Markets set a C$18.00 price target on shares of Chartwell Retirement Residences and gave the company an “outperform” rating in a research report on Thursday, January 30th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$17.21.

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.