National Bankshares Reiterates “C$15.00” Price Target for Chartwell Retirement Residences (TSE:CSH.UN)

National Bankshares set a C$15.00 target price on Chartwell Retirement Residences (TSE:CSH.UN) in a research note released on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. 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 stock an outperform rating in a research report on Thursday, May 16th. Scotiabank lifted their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Friday, June 28th. TD Securities set a C$16.00 target price on Chartwell Retirement Residences and gave the company a buy rating in a report on Friday, June 28th. Finally, Desjardins set a C$15.50 price target on Chartwell Retirement Residences and gave the stock a buy rating in a research note on Friday, June 28th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Chartwell Retirement Residences presently has a consensus rating of Buy and an average price target of C$15.25.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN opened at C$13.60 on Tuesday. The company has a debt-to-equity ratio of 275.11, a current ratio of 0.44 and a quick ratio of 0.07. The firm’s 50 day moving average is C$12.83 and its 200-day moving average is C$12.45. Chartwell Retirement Residences has a 12-month low of C$9.59 and a 12-month high of C$13.80. The stock has a market capitalization of C$3.29 billion, a P/E ratio of -64.76 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 15th were given a $0.051 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.61 annualized dividend and a dividend yield of 4.50%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -290.48%.

About Chartwell Retirement Residences

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.