Chartwell Retirement Residences (TSE:CSH.UN) Given New C$20.00 Price Target at TD Securities

Chartwell Retirement Residences (TSE:CSH.UN) had its price target hoisted by TD Securities from C$19.00 to C$20.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CSH.UN has been the subject of a number of other reports. BMO Capital Markets raised their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday. CIBC upped their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$17.64.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN opened at C$17.33 on Monday. The company has a market cap of C$4.70 billion, a price-to-earnings ratio of -101.94 and a beta of 1.12. The company’s fifty day simple moving average is C$15.91 and its 200 day simple moving average is C$15.55. Chartwell Retirement Residences has a 1-year low of C$11.91 and a 1-year high of C$17.69. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 3.53%. 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.