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

Chartwell Retirement Residences (TSE:CSH.UN) issued its quarterly earnings data on Thursday. The company reported C$0.35 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$323.69 million for 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 Performance

TSE:CSH.UN traded up C$0.04 during mid-day trading on Thursday, hitting C$21.43. 418,162 shares of the stock were exchanged, compared to its average volume of 447,676. The stock has a market capitalization of C$7.04 billion, a price-to-earnings ratio of 1,157.69 and a beta of 0.88. The firm’s 50-day simple moving average is C$20.41 and its 200 day simple moving average is C$21.14. 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$19.22 and a fifty-two week high of C$23.38.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be issued a dividend of $0.0520 per share. This represents a $0.62 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently 3,327.75%.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets reduced their target price on shares of Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$25.77.

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 over 30,000 residents in four provinces across the country.