Brokerages Set Chartwell Retirement Residences (TSE:CSH.UN) Price Target at C$22.44

Chartwell Retirement Residences (TSE:CSH.UN) has been given an average rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is C$22.44.

CSH.UN has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their target price on Chartwell Retirement Residences from C$21.00 to C$22.50 in a research report on Monday, November 10th. National Bankshares raised their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. TD Securities upped their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. Scotiabank increased their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Finally, CIBC boosted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th.

Chartwell Retirement Residences Stock Down 1.7%

Shares of TSE CSH.UN opened at C$20.03 on Monday. The firm has a market cap of C$6.09 billion, a PE ratio of 233.63 and a beta of 0.83. Chartwell Retirement Residences has a 12-month low of C$14.71 and a 12-month high of C$21.08. The company’s fifty day simple moving average is C$20.26 and its 200 day simple moving average is C$19.19. 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 posted its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) 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$285.26 million during the quarter. As a group, sell-side analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, October 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently 713.84%.

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.