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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been assigned an average rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$25.82.

A number of research analysts have issued reports on the company. Desjardins lifted their price objective on 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. ATB Cormark Capital Markets upped their target price on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Royal Bank Of Canada increased their target price on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. TD Securities lifted their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Raymond James Financial boosted their price target on shares of Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the company a “strong-buy” rating in a research report on Monday, May 11th.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock traded up C$0.02 during trading hours on Friday, hitting C$20.68. The company had a trading volume of 597,306 shares, compared to its average volume of 413,344. Chartwell Retirement Residences has a 12 month low of C$17.20 and a 12 month high of C$23.21. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm’s fifty day moving average is C$20.93 and its 200 day moving average is C$20.75. The firm has a market capitalization of C$6.70 billion, a price-to-earnings ratio of -32,721.52 and a beta of 0.82.

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

Chartwell Retirement Residences Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a $0.052 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 30th. This is an increase from Chartwell Retirement Residences’s previous monthly dividend of $0.05. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -96,993.67%.

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.