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

Chartwell Retirement Residences (TSE:CSH.UN) posted its quarterly earnings results on Thursday. The company reported C$0.35 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$347.27 million during the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.

Chartwell Retirement Residences Stock Performance

Shares of TSE CSH.UN traded up C$0.71 during mid-day trading on Friday, reaching C$22.14. 597,212 shares of the company were exchanged, compared to its average volume of 448,375. The stock has a market capitalization of C$7.27 billion, a P/E ratio of 1,196.05 and a beta of 0.88. 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 50-day simple moving average is C$20.44 and its 200-day simple moving average is C$21.14. Chartwell Retirement Residences has a twelve month low of C$19.22 and a twelve month high of C$23.38.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be given a $0.0520 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.62 annualized dividend and a dividend yield of 2.8%. Chartwell Retirement Residences’s dividend payout ratio is presently 3,327.75%.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets dropped their target price on shares of Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating on the stock 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. According to MarketBeat, the company currently has a consensus 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.