Desjardins set a C$15.50 price objective on Chartwell Retirement Residences (TSE:CSH.UN – Free Report) in a report issued on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an outperform rating in a research note on Thursday, May 16th. Scotiabank boosted their target price 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 Friday. CIBC boosted their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. Finally, TD Securities set a C$16.00 target price on shares of Chartwell Retirement Residences and gave the stock a buy rating in a research report on Friday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of C$14.75.
Read Our Latest Analysis on Chartwell Retirement Residences
Chartwell Retirement Residences Trading Up 0.4 %
Chartwell Retirement Residences Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.051 per share. The ex-dividend date is Friday, June 28th. This represents a $0.61 annualized dividend and a yield of 4.76%. Chartwell Retirement Residences’s dividend payout ratio is -290.48%.
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.
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