Chartwell Retirement Residences (TSE:CSH.UN) Given Average Rating of "Buy" by Analysts

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has been assigned an average rating of "Buy" from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$17.64.

A number of brokerages have recently issued reports on CSH.UN. TD Securities upped their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets lifted their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday, March 3rd. Finally, CIBC increased their target price on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd.

Chartwell Retirement Residences Price Performance

Shares of TSE CSH.UN traded down C$0.09 during mid-day trading on Friday, reaching C$16.79. 100,813 shares of the company were exchanged, compared to its average volume of 336,869. Chartwell Retirement Residences has a 52 week low of C$12.05 and a 52 week high of C$17.69. The company's 50 day moving average price is C$16.53 and its 200 day moving average price is C$15.86. The stock has a market capitalization of C$4.56 billion, a PE ratio of -98.76 and a beta of 1.12. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, February 28th. Chartwell Retirement Residences's 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.