Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) Target Price at C$24.94

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is C$24.94.

Several equities research analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Canaccord Genuity Group increased their target price on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Desjardins boosted their price target on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. ATB Cormark Capital Markets upped their price target on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada increased their price objective on Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, March 2nd.

Chartwell Retirement Residences Trading Down 0.5%

TSE:CSH.UN opened at C$20.46 on Tuesday. The stock’s 50 day moving average price is C$21.15 and its 200 day moving average price is C$20.64. Chartwell Retirement Residences has a 52 week low of C$16.35 and a 52 week high of C$23.21. The company has a market capitalization of C$6.48 billion, a P/E ratio of 218.87 and a beta of 0.82. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its earnings results on Thursday, February 26th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$303.73 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, research analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, April 30th. This is an increase from Chartwell Retirement Residences’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 3.0%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently 654.67%.

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.