Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$25.00

Chartwell Retirement Residences (TSE:CSH.UN) had its target price raised by BMO Capital Markets from C$22.00 to C$25.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently weighed in on CSH.UN. TD Securities lifted their price objective on Chartwell Retirement Residences from C$22.00 to C$23.00 in a report on Monday, November 10th. Canaccord Genuity Group raised their target price on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a research report on Monday. Canadian Imperial Bank of Commerce upped their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Finally, Scotiabank increased their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average target price of C$24.94.

Chartwell Retirement Residences Price Performance

Shares of Chartwell Retirement Residences stock opened at C$21.58 on Monday. The firm has a market cap of C$6.56 billion, a P/E ratio of 223.00 and a beta of 0.72. The firm’s 50-day simple moving average is C$21.04 and its 200-day simple moving average is C$20.22. Chartwell Retirement Residences has a twelve month low of C$15.59 and a twelve month high of C$23.21. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 2.8%. Chartwell Retirement Residences’s payout ratio is currently 632.43%.

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.