Scotiabank Reiterates Outperform Rating for Chartwell Retirement Residences (CSH.UN)
Chartwell Retirement Residences (TSE:CSH.UN)‘s stock had its “outperform” rating reaffirmed by investment analysts at Scotiabank in a note issued to investors on Friday. They currently have a C$11.50 price objective on the stock.
The company also recently announced a dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.0419 per share. The ex-dividend date is Tuesday, July 29th.
Several other analysts have also recently commented on the stock. Analysts at GMP Securities upgraded shares of Chartwell Retirement Residences from a “hold” rating to a “buy” rating in a research note on Tuesday, June 3rd. Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 12th. They now have a C$11.50 price target on the stock, down previously from C$11.65. Finally, analysts at Dundee Securities reiterated a “neutral” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 12th. They now have a C$10.60 price target on the stock, down previously from C$11.00. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$11.28.
Chartwell Retirement Residences, formerly Chartwell Seniors Housing Real Estate Investment Trust, is an open-ended real estate investment trust.
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