Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Recommendation of “Buy” by Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$16.50.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Monday, August 12th. National Bankshares increased their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Desjardins boosted their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 12th. CIBC upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Scotiabank lifted their price objective on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th.

Insider Buying and Selling at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total value of C$502,627.81. Company insiders own 0.55% of the company’s stock.

Chartwell Retirement Residences Stock Performance

The company has a 50 day moving average price of C$15.32 and a 200 day moving average price of C$13.84. Chartwell Retirement Residences has a 12-month low of C$10.16 and a 12-month high of C$16.16. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The stock has a market cap of C$4.15 billion, a P/E ratio of -91.00 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, October 31st. Chartwell Retirement Residences’s payout ratio is presently -358.82%.

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.