Chartwell Retirement Residences (CSH.UN) to Issue Monthly Dividend of $0.05 on May 15th

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.051 per share on Wednesday, May 15th. This represents a $0.61 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Monday, April 29th.

Chartwell Retirement Residences Stock Performance

CSH.UN traded up C$0.01 on Friday, reaching C$12.47. 241,900 shares of the stock were exchanged, compared to its average volume of 422,423. The company’s 50-day moving average price is C$12.36 and its 200 day moving average price is C$11.59. The firm has a market capitalization of C$2.98 billion, a PE ratio of -47.96 and a beta of 1.12. Chartwell Retirement Residences has a fifty-two week low of C$8.75 and a fifty-two week high of C$12.92. The company has a debt-to-equity ratio of 258.26, a current ratio of 0.45 and a quick ratio of 0.07.

Insider Activity at Chartwell Retirement Residences

In other news, Director Gary Neil Whitelaw acquired 4,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$12.25 per share, for a total transaction of C$49,000.00. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CSH.UN shares. TD Securities lifted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Monday, March 11th. CIBC lifted their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Finally, Scotiabank lifted their price target on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average price target of C$14.00.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.