Chartwell Retirement Residences (TSE:CSH.UN) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$25.77.

Separately, ATB Cormark Capital Markets cut their target price on Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 12th.

Chartwell Retirement Residences Price Performance

TSE CSH.UN opened at C$19.92 on Friday. The company has a 50-day moving average price of C$21.27 and a two-hundred day moving average price of C$21.27. Chartwell Retirement Residences has a 52 week low of C$18.85 and a 52 week high of C$23.38. The stock has a market cap of C$6.54 billion, a price-to-earnings ratio of 1,076.12 and a beta of 0.80. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its quarterly earnings data on Thursday, August 6th. The company reported C($0.00) earnings per share (EPS) for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The business had revenue of C$336.74 million during the quarter. Analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a dividend of $0.0520 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, July 31st. Chartwell Retirement Residences’s payout ratio is currently 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 approximately 25,000 residents in four provinces across the country.