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

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective raised by Scotiabank from C$25.00 to C$26.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CSH.UN has been the topic of several other reports. TD Securities lifted their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$24.94.

Chartwell Retirement Residences Stock Performance

TSE CSH.UN 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. Chartwell Retirement Residences has a 52-week low of C$15.59 and a 52-week high of C$23.21. The business’s 50-day moving average price is C$21.04 and its 200 day moving average price is C$20.22. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

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

About Chartwell Retirement Residences

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.