Chartwell Retirement Residences (TSE:CSH.UN) Receives Average Recommendation of “Buy” from Analysts

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been assigned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$25.82.

A number of research analysts recently weighed in on CSH.UN shares. BMO Capital Markets raised their target price on shares of 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. National Bank Financial raised their target price on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a report on Monday, May 11th. Raymond James Financial raised their target price on shares of Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the company a “strong-buy” rating in a report on Monday, May 11th. Scotiabank raised their target price on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Finally, TD Securities lifted their price objective 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, March 2nd.

Chartwell Retirement Residences Stock Down 0.3%

Shares of CSH.UN stock opened at C$20.80 on Friday. The stock has a market cap of C$6.74 billion, a P/E ratio of -32,911.39 and a beta of 0.82. Chartwell Retirement Residences has a 52 week low of C$17.20 and a 52 week high of C$23.21. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The company’s fifty day simple moving average is C$20.86 and its two-hundred day simple moving average is C$20.76.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its earnings results on Thursday, May 7th. The company reported C$0.05 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 firm had revenue of C$314.65 million during the quarter. Analysts predict that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.052 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, May 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -96,993.67%.

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.