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

Chartwell Retirement Residences (TSE:CSH.UN) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$25.82.

Several equities research analysts have issued reports on the company. Raymond James Financial lifted their price objective on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a “strong-buy” rating in a report on Monday, May 11th. Canaccord Genuity Group raised their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Desjardins upped their price target on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada increased their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, National Bank Financial raised their price objective on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a report on Monday, May 11th.

Chartwell Retirement Residences Stock Down 1.3%

CSH.UN stock traded down C$0.30 during trading on Thursday, reaching C$22.72. The stock had a trading volume of 41,036 shares, compared to its average volume of 419,008. Chartwell Retirement Residences has a 1-year low of C$17.50 and a 1-year high of C$23.38. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The company has a market capitalization of C$7.37 billion, a P/E ratio of -35,949.37 and a beta of 0.86. The firm has a fifty day moving average price of C$21.92 and a 200 day moving average price of C$21.37.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The company had revenue of C$314.65 million during the quarter. On average, equities analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 2.7%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -96,993.67%.

Chartwell Retirement Residences Company Profile

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.