Chartwell Retirement Residences (TSE:CSH.UN) to Issue $0.05 Monthly Dividend

Chartwell Retirement Residences (TSE:CSH.UN) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.051 per share on Monday, December 16th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Friday, November 29th.

Chartwell Retirement Residences Price Performance

Shares of TSE:CSH.UN remained flat at C$16.18 during mid-day trading on Wednesday. The company had a trading volume of 207,839 shares, compared to its average volume of 395,833. 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 has a market capitalization of C$4.39 billion, a P/E ratio of -95.35 and a beta of 1.12. Chartwell Retirement Residences has a fifty-two week low of C$10.64 and a fifty-two week high of C$16.29. The business’s 50 day moving average price is C$15.55 and its 200 day moving average price is C$14.15.

Insider Transactions at Chartwell Retirement Residences

In other news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CSH.UN has been the subject of a number of analyst reports. National Bankshares raised their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Scotiabank raised their price target on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. TD Securities raised their price target on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Desjardins raised their price target on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, CIBC raised their price target on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$17.08.

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.