Chartwell Retirement Residences (TSE:CSH.UN – Free Report) had its price target hoisted by Scotiabank from C$14.00 to C$15.00 in a research report sent to investors on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other equities research analysts have also issued reports about the stock. Royal Bank of Canada increased 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 report on Thursday, May 16th. CIBC increased their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a report on Monday, March 11th. Finally, TD Securities set a C$16.00 price objective on shares of Chartwell Retirement Residences and gave the company a buy rating in a report on Friday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Chartwell Retirement Residences currently has an average rating of Buy and an average target price of C$14.75.
Get Our Latest Research Report on CSH.UN
Chartwell Retirement Residences Trading Up 0.4 %
Chartwell Retirement Residences Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.76%. Chartwell Retirement Residences’s dividend payout ratio is currently -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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