Analysts Set Chartwell Retirement Residences (TSE:CSH.UN) PT at C$22.44

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$22.44.

A number of research analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research report on Monday, November 10th. TD Securities lifted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. Canaccord Genuity Group increased their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a research note on Monday, November 10th. CIBC raised their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. Finally, National Bankshares lifted their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th.

Chartwell Retirement Residences Trading Up 0.2%

Chartwell Retirement Residences stock opened at C$21.18 on Friday. Chartwell Retirement Residences has a 12 month low of C$15.20 and a 12 month high of C$21.47. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The business has a 50 day moving average price of C$20.22 and a two-hundred day moving average price of C$19.47. The stock has a market cap of C$6.44 billion, a price-to-earnings ratio of 247.04 and a beta of 0.90.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$285.26 million for the quarter. As a group, equities analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a dividend of $0.051 per share. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.9%. Chartwell Retirement Residences’s payout ratio is currently 713.84%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.