BMO Capital Markets Forecasts Strong Price Appreciation for Chartwell Retirement Residences (TSE:CSH.UN) Stock

Chartwell Retirement Residences (TSE:CSH.UN - Free Report) had its price objective lifted by BMO Capital Markets from C$18.00 to C$19.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also recently commented on CSH.UN. TD Securities increased their target price 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. CIBC increased their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday. Seven research 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 price target of C$17.64.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN traded up C$0.46 during mid-day trading on Monday, hitting C$17.26. 545,692 shares of the company were exchanged, compared to its average volume of 321,202. The stock has a market cap of C$4.68 billion, a price-to-earnings ratio of -101.53 and a beta of 1.12. Chartwell Retirement Residences has a 1-year low of C$11.91 and a 1-year high of C$17.32. The company has a 50 day moving average of C$15.87 and a 200-day moving average of C$15.53. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, February 28th. Chartwell Retirement Residences's dividend payout ratio is currently -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.