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

Chartwell Retirement Residences (TSE:CSH.UN) declared a monthly dividend on Friday, June 28th, TickerTech reports. Investors of record on Monday, July 15th will be paid a dividend of 0.051 per share on Monday, July 15th. This represents a $0.61 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Friday, June 28th.

Chartwell Retirement Residences Price Performance

TSE CSH.UN traded up C$0.21 on Thursday, hitting C$12.80. 496,731 shares of the company’s stock were exchanged, compared to its average volume of 424,784. The stock has a 50-day moving average of C$12.62 and a 200-day moving average of C$12.22. The stock has a market cap of C$3.10 billion, a price-to-earnings ratio of -59.95 and a beta of 1.12. Chartwell Retirement Residences has a 52 week low of C$9.06 and a 52 week high of C$12.99. The company has a current ratio of 0.44, a quick ratio of 0.07 and a debt-to-equity ratio of 275.11.

Analysts Set New Price Targets

CSH.UN has been the subject of several recent analyst reports. TD Securities upped their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. CIBC increased their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a report on Monday, March 11th. Finally, Royal Bank of Canada lifted their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average price target of C$14.40.

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.