Chartwell Retirement Residences (TSE:CSH.UN) Posts Earnings Results

Chartwell Retirement Residences (TSE:CSH.UN) released its quarterly earnings data on Thursday. The company reported C($0.00) EPS for the quarter, FiscalAI reports. 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$336.74 million during the quarter.

Chartwell Retirement Residences Stock Performance

CSH.UN traded down C$0.05 on Thursday, reaching C$22.03. The company had a trading volume of 475,937 shares, compared to its average volume of 419,856. Chartwell Retirement Residences has a fifty-two week low of C$17.90 and a fifty-two week high of C$23.38. The stock has a market cap of C$7.14 billion, a P/E ratio of -34,857.59 and a beta of 0.85. The company’s fifty day moving average is C$22.08 and its 200 day moving average is C$21.43. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued 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 2.8%. Chartwell Retirement Residences’s payout ratio is presently -96,993.67%.

Analyst Upgrades and Downgrades

CSH.UN has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their target price on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD increased 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 research note on Monday, May 11th. Desjardins boosted their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets upped their target price on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, National Bank Financial lifted their price target on 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. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$25.82.

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.