Chartwell Retirement Residences (TSE:CSH.UN) Sets New 1-Year Low at $10.19

Chartwell Retirement Residences (TSE:CSH.UNGet Rating)’s stock price hit a new 52-week low on Wednesday . The company traded as low as C$10.19 and last traded at C$10.24, with a volume of 33455 shares. The stock had previously closed at C$10.32.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CSH.UN shares. TD Securities reduced their target price on shares of Chartwell Retirement Residences from C$13.50 to C$13.00 and set a “buy” rating for the company in a report on Monday, August 15th. Scotiabank cut shares of Chartwell Retirement Residences from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$14.00 to C$12.50 in a report on Monday, August 15th. National Bankshares reduced their target price on shares of Chartwell Retirement Residences from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, July 20th. Finally, CIBC reduced their target price on shares of Chartwell Retirement Residences from C$15.00 to C$14.25 in a report on Monday, June 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.46.

Chartwell Retirement Residences Stock Performance

The company has a current ratio of 0.46, a quick ratio of 0.08 and a debt-to-equity ratio of 314.28. The firm has a market cap of C$2.41 billion and a PE ratio of 518.50. The company’s 50-day moving average is C$10.96 and its 200 day moving average is C$11.76.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 15th will be given a $0.051 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.61 annualized dividend and a dividend yield of 5.90%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently 3,060.00%.

Insiders Place Their Bets

In related news, Director Virginia Ann Davis bought 5,090 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was bought at an average price of C$10.82 per share, for a total transaction of C$55,068.71. Following the transaction, the director now directly owns 15,437 shares in the company, valued at C$167,012.90.

Chartwell Retirement Residences Company Profile

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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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