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 target price trimmed by TD Securities from C$17.50 to C$17.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on CSH.UN. CIBC upped their target price on Chartwell Retirement Residences from C$15.75 to C$16.00 in a research note on Monday. 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 note on Monday, May 13th. Finally, BMO Capital Markets set a C$16.00 target price on Chartwell Retirement Residences and gave the company an outperform rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of C$16.46.

CSH.UN opened at C$14.74 on Monday. The stock has a market cap of $3.12 billion and a price-to-earnings ratio of 167.50. The stock’s 50 day moving average price is C$15.32 and its 200-day moving average price is C$15.01. Chartwell Retirement Residences has a one year low of C$13.42 and a one year high of C$15.79. The company has a debt-to-equity ratio of 255.96, a quick ratio of 0.10 and a current ratio of 0.19.

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

About Chartwell Retirement Residences

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.

Further Reading: What are the qualifications of a portfolio manager?

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

Receive News & Ratings for Chartwell Retirement Residences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chartwell Retirement Residences and related companies with MarketBeat.com's FREE daily email newsletter.