Chartwell Retirement Residences (TSE:CSH.UN) Receives Average Recommendation of “Buy” from Analysts

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned an average rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$25.82.

CSH.UN has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. National Bank Financial raised their price objective on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canaccord Genuity Group lifted their target price on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Raymond James Financial upped their target price on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the company a “strong-buy” rating in a report on Monday, May 11th. Finally, Desjardins increased their price target on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock traded up C$0.22 during midday trading on Friday, reaching C$23.27. 83,867 shares of the stock traded hands, compared to its average volume of 442,841. Chartwell Retirement Residences has a fifty-two week low of C$17.20 and a fifty-two week high of C$23.31. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market cap of C$7.54 billion, a price-to-earnings ratio of -36,819.62 and a beta of 0.86. The firm has a fifty day moving average price of C$21.26 and a two-hundred day moving average price of C$21.03.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$314.65 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, equities research analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.052 per share. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, June 30th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -96,993.67%.

About Chartwell Retirement Residences

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.