Insider Selling: Chartwell Retirement Residences (TSE:CSH.UN) Director Sells C$502,627.81 in Stock

Chartwell Retirement Residences (TSE:CSH.UN) Director Vlad Volodarski sold 31,872 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$15.77, for a total transaction of C$502,627.81.

Chartwell Retirement Residences Stock Down 0.2 %

Chartwell Retirement Residences stock opened at C$15.55 on Thursday. The stock has a market cap of C$4.22 billion, a price-to-earnings ratio of -91.47 and a beta of 1.12. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The company’s 50-day moving average price is C$14.17 and its two-hundred day moving average price is C$13.11. Chartwell Retirement Residences has a 52 week low of C$9.59 and a 52 week high of C$16.07.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.051 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.61 annualized dividend and a yield of 3.94%. Chartwell Retirement Residences’s payout ratio is -358.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSH.UN. Desjardins raised their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Scotiabank raised their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. CIBC raised their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. National Bankshares raised their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada raised their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$16.50.

About Chartwell Retirement Residences

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.