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

Chartwell Retirement Residences (TSE:CSH.UN) has been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$22.44.

CSH.UN has been the topic of a number of recent research reports. Canaccord Genuity Group raised their target price on Chartwell Retirement Residences from C$21.00 to C$22.50 in a research note on Monday, November 10th. CIBC lifted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Desjardins boosted their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Royal Bank Of Canada raised their price target on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Finally, National Bankshares lifted their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th.

Chartwell Retirement Residences Stock Up 0.3%

TSE:CSH.UN opened at C$20.00 on Thursday. 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 stock has a 50 day moving average of C$20.19 and a 200-day moving average of C$18.98. The firm has a market capitalization of C$6.08 billion, a PE ratio of 233.28 and a beta of 0.86. Chartwell Retirement Residences has a 52 week low of C$14.71 and a 52 week high of C$21.08.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$285.26 million during the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. Analysts predict that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Dividend Announcement

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

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.