Chartwell Retirement Residences (TSE:CSH.UN) Receives C$24.94 Average Price Target from Analysts

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$24.94.

Several research analysts recently commented on CSH.UN shares. BMO Capital Markets upped their price target on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Canaccord Genuity Group upped their target price on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a report on Monday, March 2nd. TD Securities raised their target price on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Scotiabank lifted their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Desjardins upped their price objective on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, March 2nd.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN opened at C$19.59 on Friday. The company has a market capitalization of C$6.21 billion, a P/E ratio of 209.56 and a beta of 0.73. The business’s 50-day moving average is C$21.13 and its two-hundred day moving average is C$20.48. 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 has a fifty-two week low of C$15.59 and a fifty-two week high of C$23.21.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$0.02 earnings per share (EPS) for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The company had revenue of C$303.73 million during the quarter. Research analysts predict 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 was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were paid a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, February 27th. 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.