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

Chartwell Retirement Residences (TSE:CSH.UN) announced its earnings results on Thursday. The company reported C$0.05 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$314.65 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 Down 2.6%

TSE:CSH.UN traded down C$0.57 during mid-day trading on Thursday, hitting C$21.58. 454,909 shares of the company’s stock were exchanged, compared to its average volume of 405,059. Chartwell Retirement Residences has a one year low of C$17.20 and a one year high of C$23.21. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The business has a fifty day moving average price of C$21.05 and a 200 day moving average price of C$20.75. The company has a market cap of C$6.84 billion, a PE ratio of 230.85 and a beta of 0.82.

Chartwell Retirement Residences Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, April 30th. This is an increase from Chartwell Retirement Residences’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 2.9%. Chartwell Retirement Residences’s payout ratio is presently 654.67%.

Analyst Upgrades and Downgrades

CSH.UN has been the topic of a number of research reports. BMO Capital Markets lifted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Royal Bank Of Canada lifted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Desjardins lifted their target price on shares of Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Canaccord Genuity Group lifted their target price on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, ATB Cormark Capital Markets lifted their target price on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$24.94.

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.