Chartwell Retirement Residences (TSE:CSH.UN) Stock Has Average Price Target of C$25.77

Chartwell Retirement Residences (TSE:CSH.UN) has received a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$25.77.

Separately, ATB Cormark Capital Markets decreased their price objective on Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, August 12th.

Chartwell Retirement Residences Stock Up 3.3%

Shares of CSH.UN traded up C$0.71 during mid-day trading on Friday, reaching C$22.14. The company’s stock had a trading volume of 597,212 shares, compared to its average volume of 448,375. The business has a fifty day moving average of C$20.44 and a 200 day moving average of C$21.14. The company has a market cap of C$7.27 billion, a price-to-earnings ratio of 1,196.05 and a beta of 0.88. Chartwell Retirement Residences has a 1 year low of C$19.22 and a 1 year high of C$23.38. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its quarterly earnings results on Thursday, November 5th. The company reported C$0.35 earnings per share for the quarter. The business had revenue of C$347.27 million for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. As a group, analysts forecast that Chartwell Retirement Residences will post 0.12 earnings per share for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared 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. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. Chartwell Retirement Residences’s dividend payout ratio is 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 over 30,000 residents in four provinces across the country.