Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$22.00 at Scotiabank

Chartwell Retirement Residences (TSE:CSH.UN) had its target price hoisted by Scotiabank from C$20.00 to C$22.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. TD Securities lowered their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Monday. Desjardins boosted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada boosted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, BMO Capital Markets boosted their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$21.07.

Chartwell Retirement Residences Price Performance

Chartwell Retirement Residences stock opened at C$18.16 on Monday. Chartwell Retirement Residences has a 1 year low of C$14.27 and a 1 year high of C$18.79. The firm has a 50 day moving average price of C$18.08 and a 200 day moving average price of C$17.33. The company has a market cap of C$4.93 billion, a price-to-earnings ratio of -106.82 and a beta of 1.12. 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 company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be paid a $0.051 dividend. The ex-dividend date is Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. Chartwell Retirement Residences’s dividend payout ratio is -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.