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

Chartwell Retirement Residences (TSE:CSH.UN) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.051 per share on Friday, November 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, October 31st.

Chartwell Retirement Residences Price Performance

CSH.UN traded up C$0.15 during trading on Tuesday, reaching C$15.64. 25,855 shares of the company were exchanged, compared to its average volume of 402,231. Chartwell Retirement Residences has a 12-month low of C$9.94 and a 12-month high of C$16.16. The company’s 50-day moving average is C$15.21 and its two-hundred day moving average is C$13.72. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The company has a market cap of C$4.24 billion, a price-to-earnings ratio of -91.12 and a beta of 1.12.

Insider Transactions at Chartwell Retirement Residences

In related news, Director Vlad Volodarski sold 31,872 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Scotiabank increased their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. CIBC raised 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 report on Monday, August 12th. National Bankshares upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. TD Securities lifted their price objective on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Desjardins upped their target price on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$16.50.

Chartwell Retirement Residences Company Profile

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.