Chartwell Retirement Residences (TSE:CSH.UN) Price Target Cut to C$17.00 by Analysts at TD Securities

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective trimmed by TD Securities from C$17.50 to C$17.00 in a research note released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the company. National Bank Financial cut their target price on Chartwell Retirement Residences from C$16.50 to C$16.00 and set a sector perform rating on the stock in a research report on Monday, May 13th. BMO Capital Markets set a C$16.00 target price on Chartwell Retirement Residences and gave the company an outperform rating in a research report on Thursday, May 23rd. Finally, CIBC upped their target price on Chartwell Retirement Residences from C$15.75 to C$16.00 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$16.46.

TSE CSH.UN opened at C$14.74 on Monday. The company has a debt-to-equity ratio of 255.96, a current ratio of 0.19 and a quick ratio of 0.10. The stock’s fifty day moving average price is C$15.32 and its 200 day moving average price is C$15.01. Chartwell Retirement Residences has a 1 year low of C$13.42 and a 1 year high of C$15.79. The company has a market cap of $3.12 billion and a price-to-earnings ratio of 167.50.

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Tuesday, July 30th. Chartwell Retirement Residences’s payout ratio is 681.82%.

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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Analyst Recommendations for Chartwell Retirement Residences (TSE:CSH.UN)

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