Chartwell Retirement Residences (TSE:CSH.UN) Declares Monthly Dividend of $0.05

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be given a dividend of 0.052 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 29th.

Chartwell Retirement Residences Trading Up 0.3%

TSE:CSH.UN opened at C$20.82 on Wednesday. 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 has a 12 month low of C$17.20 and a 12 month high of C$23.21. The company has a market cap of C$6.75 billion, a PE ratio of -32,943.04 and a beta of 0.82. The company has a 50 day simple moving average of C$20.85 and a two-hundred day simple moving average of C$20.76.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$314.65 million during the quarter. Research analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSH.UN shares. BMO Capital Markets boosted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Canaccord Genuity Group boosted their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Desjardins boosted their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Monday, May 11th. National Bank Financial boosted their price objective on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.