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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.051 per share on Wednesday, May 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, April 29th.

Chartwell Retirement Residences Price Performance

Shares of TSE CSH.UN opened at C$12.47 on Friday. Chartwell Retirement Residences has a fifty-two week low of C$8.75 and a fifty-two week high of C$12.92. The business has a 50 day moving average price of C$12.36 and a two-hundred day moving average price of C$11.59. The company has a quick ratio of 0.07, a current ratio of 0.45 and a debt-to-equity ratio of 258.26. The firm has a market cap of C$2.98 billion, a PE ratio of -47.96 and a beta of 1.12.

Insider Buying and Selling

In related news, Director Gary Neil Whitelaw purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of C$12.25 per share, with a total value of C$49,000.00. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. CIBC raised their price objective on Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Scotiabank increased their target price on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, TD Securities increased their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Monday, March 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$14.00.

About Chartwell Retirement Residences

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