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

Chartwell Retirement Residences (TSE:CSH.UN) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$25.77.

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

Chartwell Retirement Residences Stock Up 0.4%

TSE:CSH.UN traded up C$0.07 during trading hours on Tuesday, hitting C$19.42. The stock had a trading volume of 4,757 shares, compared to its average volume of 445,962. 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 has a 1-year low of C$18.85 and a 1-year high of C$23.38. The business has a 50 day simple moving average of C$20.58 and a two-hundred day simple moving average of C$21.19. The company has a market cap of C$6.38 billion, a PE ratio of 1,049.11 and a beta of 0.88.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its earnings results on Thursday, August 6th. The company reported C($0.00) EPS for the quarter. The business had revenue of C$336.74 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Analysts predict that Chartwell Retirement Residences will post 0.12 EPS for the current year.

Chartwell Retirement Residences Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a $0.0520 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, July 31st. Chartwell Retirement Residences’s dividend payout ratio is presently 3,327.75%.

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.