Chartwell Retirement Residences (TSE:CSH.UN) Releases Earnings Results

Chartwell Retirement Residences (TSE:CSH.UN) issued its earnings results on Thursday. The company reported C($0.00) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$336.74 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%.

Chartwell Retirement Residences Stock Down 2.8%

Shares of TSE CSH.UN opened at C$21.42 on Friday. The firm’s 50-day moving average price is C$22.15 and its 200-day moving average price is C$21.43. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The stock has a market capitalization of C$6.94 billion, a price-to-earnings ratio of -33,892.41 and a beta of 0.85. Chartwell Retirement Residences has a 12-month low of C$17.90 and a 12-month high of C$23.38.

Chartwell Retirement Residences Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.052 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 31st. Chartwell Retirement Residences’s dividend payout ratio is currently -96,993.67%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSH.UN. Canaccord Genuity Group boosted their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Desjardins lifted their target price on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, May 11th. BMO Capital Markets boosted their target price on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Royal Bank Of Canada increased their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, TD raised their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$25.82.

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.