Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday after National Bankshares raised their price target on the stock from C$15.00 to C$16.00. National Bankshares currently has an outperform rating on the stock. Chartwell Retirement Residences traded as high as C$14.58 and last traded at C$14.57, with a volume of 101727 shares changing hands. The stock had previously closed at C$14.35.
A number of other equities research analysts have also issued reports on CSH.UN. Royal Bank of Canada boosted their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday. Desjardins boosted their price objective on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank raised their target price on shares of Chartwell Retirement Residences from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a report on Monday. TD Securities lifted their target price on shares of Chartwell Retirement Residences from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Monday. Finally, CIBC upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Monday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$16.17.
Get Our Latest Stock Analysis on CSH.UN
Chartwell Retirement Residences Stock Up 1.1 %
Chartwell Retirement Residences Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.22%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -358.82%.
Chartwell Retirement Residences Company Profile
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.
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