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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.052 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, June 30th.

Chartwell Retirement Residences Stock Performance

TSE:CSH.UN opened at C$22.42 on Tuesday. 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 has a fifty-two week low of C$17.20 and a fifty-two week high of C$23.21. The firm has a market cap of C$7.27 billion, a PE ratio of -35,474.68 and a beta of 0.92. The business has a 50 day moving average price of C$21.10 and a 200-day moving average price of C$20.96.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$314.65 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Equities research analysts predict that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. BMO Capital Markets raised their target price 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, May 11th. Scotiabank boosted their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. National Bank Financial upped their price target on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Desjardins increased their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$25.82.

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.