Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$26.00

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective hoisted by TD Securities from C$24.00 to C$26.00 in a report published on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

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

Chartwell Retirement Residences Trading Down 1.2%

TSE:CSH.UN opened at C$21.58 on Monday. Chartwell Retirement Residences has a 52 week low of C$15.59 and a 52 week high of C$23.21. The firm has a 50-day moving average price of C$21.04 and a two-hundred day moving average price of C$20.22. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm has a market cap of C$6.56 billion, a price-to-earnings ratio of 223.00 and a beta of 0.72.

Chartwell Retirement Residences Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be paid a $0.051 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, February 27th. 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.