Chartwell Retirement Residences (TSE:CSH.UN) Releases Earnings Results

Chartwell Retirement Residences (TSE:CSH.UN) announced its earnings results on Thursday. The company reported C$0.35 earnings per share for the quarter, FiscalAI reports. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The company had revenue of C$347.27 million during the quarter.

Chartwell Retirement Residences Price Performance

Shares of TSE:CSH.UN opened at C$21.81 on Friday. The company’s fifty day moving average price is C$20.41 and its 200 day moving average price is C$21.14. Chartwell Retirement Residences has a 12 month low of C$19.22 and a 12 month high of C$23.38. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The firm has a market capitalization of C$7.16 billion, a P/E ratio of 1,178.22 and a beta of 0.88.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.0520 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.62 dividend on an annualized basis and a yield of 2.9%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently 3,327.75%.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets dropped their price objective on Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$25.77.

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 over 30,000 residents in four provinces across the country.