Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Chartwell Retirement Residences (TSE:CSH.UNGet Rating) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$13.46.

Several research firms have recently commented on CSH.UN. CIBC lowered their price objective on shares of Chartwell Retirement Residences from C$15.00 to C$14.25 in a research note on Monday, June 27th. Scotiabank downgraded shares of Chartwell Retirement Residences from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$14.00 to C$12.50 in a research report on Monday, August 15th. TD Securities decreased 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 research report on Monday, August 15th. Finally, National Bankshares decreased 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 research report on Wednesday, July 20th.

Chartwell Retirement Residences Trading Down 2.0 %

TSE:CSH.UN opened at C$9.67 on Friday. Chartwell Retirement Residences has a 12 month low of C$9.64 and a 12 month high of C$13.25. The firm has a fifty day simple moving average of C$10.77 and a 200-day simple moving average of C$11.62. 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 company has a market capitalization of C$2.22 billion and a P/E ratio of 483.50.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were given a dividend of $0.051 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.61 dividend on an annualized basis and a yield of 6.33%. Chartwell Retirement Residences’s dividend payout ratio is presently 3,060.00%.

Insider Buying and Selling at Chartwell Retirement Residences

In other news, Director Virginia Ann Davis acquired 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, with a total value of C$55,068.71. Following the completion of the acquisition, the director now owns 15,437 shares of the company’s stock, valued at C$167,012.90.

Chartwell Retirement Residences Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Chartwell Retirement Residences (TSE:CSH.UN)

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