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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have earned an average rating of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is C$22.44.

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

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock opened at C$21.14 on Friday. The company has a market capitalization of C$6.43 billion, a P/E ratio of 246.58 and a beta of 0.90. The company’s 50-day simple moving average is C$20.19 and its two-hundred day simple moving average is C$19.44. Chartwell Retirement Residences has a one year low of C$15.20 and a one year high of C$21.47. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. 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$285.26 million for the quarter. As a group, equities analysts anticipate that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Announces Dividend

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

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.