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

Chartwell Retirement Residences (TSE:CSH.UN) declared 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 of this dividend is Monday, April 29th.

Chartwell Retirement Residences Price Performance

TSE CSH.UN traded up C$0.01 on Friday, hitting C$12.47. 241,900 shares of the company were exchanged, compared to its average volume of 422,423. The firm has a 50 day moving average of C$12.36 and a two-hundred day moving average of C$11.59. The company has a market cap of C$2.98 billion, a P/E ratio of -47.96 and a beta of 1.12. The company has a current ratio of 0.45, a quick ratio of 0.07 and a debt-to-equity ratio of 258.26. Chartwell Retirement Residences has a 1-year low of C$8.75 and a 1-year high of C$12.92.

Analyst Ratings Changes

Several brokerages recently issued reports on CSH.UN. Scotiabank upped their price target on shares of Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. CIBC upped their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. Finally, TD Securities upped their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$14.00.

Insider Activity

In related news, Director Gary Neil Whitelaw purchased 4,000 shares of the stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of C$12.25 per share, with a total value of C$49,000.00. 0.64% of the stock is currently owned by company insiders.

Chartwell Retirement Residences Company Profile

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.