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

Chartwell Retirement Residences (TSE:CSH.UN) has earned an average rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$22.44.

CSH.UN has been the topic of a number of recent research reports. National Bankshares increased their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Canaccord Genuity Group raised their price objective on Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. Scotiabank raised their target price on 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. Finally, CIBC increased their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th.

Chartwell Retirement Residences Stock Up 0.5%

CSH.UN stock opened at C$20.66 on Monday. 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$20.21 and a two-hundred day moving average price of C$19.15. The company has a market cap of C$6.28 billion, a price-to-earnings ratio of 240.98 and a beta of 0.83. Chartwell Retirement Residences has a twelve month low of C$14.71 and a twelve month high of C$21.08.

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

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a $0.051 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, October 31st. Chartwell Retirement Residences’s dividend payout ratio is currently 713.84%.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada. The Long-Term Care operations segment represents approximately 19 long-term care communities in Ontario. The majority of the revenue is derived from the Canadian Retirement segment.