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

Chartwell Retirement Residences (TSE:CSH.UN) declared a monthly dividend on Friday, September 27th, TickerTech reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.051 per share on Tuesday, October 15th. This represents a $0.61 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Friday, September 27th.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock traded down C$0.01 during trading hours on Wednesday, hitting C$15.48. The company had a trading volume of 151,664 shares, compared to its average volume of 413,718. The firm has a market capitalization of C$4.20 billion, a price-to-earnings ratio of -91.06 and a beta of 1.12. Chartwell Retirement Residences has a 12 month low of C$9.59 and a 12 month high of C$16.07. The firm’s fifty day moving average is C$14.42 and its 200 day moving average is C$13.23. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Insider Activity at Chartwell Retirement Residences

In related news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$15.77, for a total value of C$502,627.81. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSH.UN has been the topic of a number of recent analyst reports. TD Securities raised their target price on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Scotiabank lifted their target price 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. CIBC increased their price target on Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, National Bankshares raised their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Chartwell Retirement Residences presently has a consensus rating of “Buy” and a consensus 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.