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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$22.44.

Several analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Canaccord Genuity Group increased their price target on Chartwell Retirement Residences from C$21.00 to C$22.50 in a research report on Monday, November 10th. TD Securities raised their price target on Chartwell Retirement Residences from C$22.00 to C$23.00 in a report on Monday, November 10th. National Bankshares boosted their price objective 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. Finally, CIBC increased their target price on Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th.

Chartwell Retirement Residences Stock Down 1.7%

Shares of TSE CSH.UN opened at C$20.03 on Monday. Chartwell Retirement Residences has a 52-week low of C$14.71 and a 52-week high of C$21.08. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The business has a fifty day moving average of C$20.26 and a two-hundred day moving average of C$19.23. The stock has a market cap of C$6.09 billion, a PE ratio of 233.63 and a beta of 0.83.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its earnings results on Thursday, November 6th. 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 firm had revenue of C$285.26 million for the quarter. As a group, equities research analysts expect that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a dividend of $0.051 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 3.1%. Chartwell Retirement Residences’s dividend payout ratio is currently 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.