Chartwell Retirement Residences (TSE:CSH.UN) Given Average Recommendation of “Buy” by Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has received a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$25.77.

A number of brokerages have weighed in on CSH.UN. BMO Capital Markets raised their target price on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Raymond James Financial boosted their price target on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a “strong-buy” rating in a report on Monday, May 11th. Canaccord Genuity Group upped their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. National Bank Financial raised their price objective on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada lifted their target price on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, May 11th.

Chartwell Retirement Residences Price Performance

Shares of Chartwell Retirement Residences stock traded up C$0.07 on Monday, reaching C$20.87. 18,917 shares of the stock were exchanged, compared to its average volume of 450,815. 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 firm has a market cap of C$6.85 billion, a PE ratio of 1,127.44 and a beta of 0.85. The firm’s 50 day moving average is C$22.16 and its 200-day moving average is C$21.44. Chartwell Retirement Residences has a one year low of C$17.90 and a one year high of C$23.38.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings data on Thursday, August 6th. The company reported C($0.00) earnings per share (EPS) for the quarter. The business had revenue of C$336.74 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. As a group, analysts anticipate that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. Chartwell Retirement Residences’s payout ratio is 3,327.75%.

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.