Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The stock traded as high as C$17.12 and last traded at C$17.12, with a volume of 130763 shares trading hands. The stock had previously closed at C$16.52.
The newly announced dividend which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a $0.051 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.61 annualized dividend and a yield of 3.51%. Chartwell Retirement Residences's dividend payout ratio (DPR) is -358.82%.
Analyst Upgrades and Downgrades
CSH.UN has been the topic of a number of recent analyst reports. CIBC upped their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 in a research report on Monday. TD Securities upped their target price on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a "buy" rating in a research report on Monday. Finally, BMO Capital Markets raised their price target on Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$17.64.
Check Out Our Latest Research Report on Chartwell Retirement Residences
Chartwell Retirement Residences Price Performance
The stock 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. The company has a market cap of C$4.74 billion, a PE ratio of -102.71 and a beta of 1.12.
Chartwell Retirement Residences Company Profile
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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.
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