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

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 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 twelve month low of C$8.75 and a twelve month high of C$12.92. The company’s 50 day moving average is C$12.36 and its 200 day moving average is C$11.61. The company has a current ratio of 0.45, a quick ratio of 0.07 and a debt-to-equity ratio of 258.26. The company has a market cap of C$2.98 billion, a PE ratio of -47.96 and a beta of 1.12.

Analyst Upgrades and Downgrades

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

Insider Transactions at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Gary Neil Whitelaw bought 4,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of C$12.25 per share, for a total transaction of C$49,000.00. Corporate 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.