BMO Capital Markets Forecasts Strong Price Appreciation for Chartwell Retirement Residences (TSE:CSH.UN) Stock

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective lifted by BMO Capital Markets from C$18.00 to C$19.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other brokerages also recently weighed in on CSH.UN. TD Securities boosted their price target on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Monday, November 18th. CIBC raised their target price on Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$17.64.

Chartwell Retirement Residences Trading Down 0.7 %

CSH.UN opened at C$17.33 on Monday. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. Chartwell Retirement Residences has a 12-month low of C$11.91 and a 12-month high of C$17.69. The firm’s fifty day moving average price is C$15.91 and its 200 day moving average price is C$15.55. The stock has a market capitalization of C$4.70 billion, a PE ratio of -101.94 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, February 28th. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.