ATB Cormark Capital Markets Cuts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$25.00

Chartwell Retirement Residences (TSE:CSH.UN) had its target price cut by ATB Cormark Capital Markets from C$25.50 to C$25.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

CSH.UN has been the topic of several other research reports. Desjardins raised their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada boosted 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 note on Monday, May 11th. Canaccord Genuity Group increased their price target on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD raised their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, National Bank Financial raised their price target on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$25.77.

Chartwell Retirement Residences Stock Down 1.2%

Shares of TSE:CSH.UN opened at C$20.75 on Wednesday. Chartwell Retirement Residences has a 52 week low of C$17.90 and a 52 week high of C$23.38. 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 company has a market capitalization of C$6.81 billion, a PE ratio of 1,120.96 and a beta of 0.85. The company has a 50 day moving average price of C$22.19 and a two-hundred day moving average price of C$21.43.

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

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. Chartwell Retirement Residences’s dividend payout ratio is currently 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.