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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Investors 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 annualized dividend and a yield of 4.91%. The ex-dividend date is Monday, April 29th.

Chartwell Retirement Residences Price Performance

Shares of TSE:CSH.UN opened at C$12.47 on Friday. Chartwell Retirement Residences has a 12 month low of C$8.75 and a 12 month high of C$12.92. The stock has a market cap of C$2.98 billion, a price-to-earnings ratio of -47.96 and a beta of 1.12. The stock’s 50 day moving average price is C$12.36 and its 200 day moving average price is C$11.59. The company has a debt-to-equity ratio of 258.26, a current ratio of 0.45 and a quick ratio of 0.07.

Analyst Upgrades and Downgrades

CSH.UN has been the topic of several recent analyst reports. Scotiabank boosted their target price on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. CIBC boosted their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 in a report on Monday, March 11th. Finally, TD Securities boosted their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Monday, March 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$14.00.

Insider Activity

In related news, Director Gary Neil Whitelaw acquired 4,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of C$12.25 per share, for a total transaction of C$49,000.00. Insiders own 0.64% of the company’s stock.

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.