Chartwell Retirement Residences (TSE:CSH.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Chartwell Retirement Residences (TSE:CSH.UN – Get Rating) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$13.46.

CSH.UN has been the topic of a number of analyst reports. CIBC dropped their price target on Chartwell Retirement Residences from C$15.00 to C$14.25 in a research report on Monday, June 27th. TD Securities lowered their price objective on Chartwell Retirement Residences from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research report on Monday, August 15th. National Bankshares lowered their price objective on Chartwell Retirement Residences from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 20th. Finally, Scotiabank cut Chartwell Retirement Residences from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$14.00 to C$12.50 in a research report on Monday, August 15th.

Insider Buying and Selling at Chartwell Retirement Residences

In related news, Director Virginia Ann Davis acquired 5,090 shares of Chartwell Retirement Residences stock in a transaction dated Wednesday, August 17th. The stock was purchased at an average cost of C$10.82 per share, for a total transaction of C$55,068.71. Following the purchase, the director now directly owns 15,437 shares of the company’s stock, valued at approximately C$167,012.90.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock opened at C$9.67 on Friday. The stock’s 50 day simple moving average is C$10.77 and its two-hundred day simple moving average is C$11.62. The company has a debt-to-equity ratio of 314.28, a quick ratio of 0.08 and a current ratio of 0.46. The stock has a market cap of C$2.22 billion and a price-to-earnings ratio of 483.50. Chartwell Retirement Residences has a fifty-two week low of C$9.64 and a fifty-two week high of C$13.25.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.051 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.61 dividend on an annualized basis and a yield of 6.33%. Chartwell Retirement Residences’s dividend payout ratio is currently 3,060.00%.

About Chartwell Retirement Residences

(Get Rating)

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of senior 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.

Further Reading

Analyst Recommendations for Chartwell Retirement Residences (TSE:CSH.UN)

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