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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is C$24.94.

Several analysts recently issued reports on CSH.UN shares. TD Securities increased their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. ATB Cormark Capital Markets boosted their target price on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Desjardins upped their price target on shares of Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Scotiabank increased their target price on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, Canaccord Genuity Group lifted their price target on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research note on Monday, March 2nd.

Chartwell Retirement Residences Stock Performance

CSH.UN traded down C$0.22 during trading on Friday, hitting C$19.52. The stock had a trading volume of 92,026 shares, compared to its average volume of 410,141. Chartwell Retirement Residences has a one year low of C$15.59 and a one year high of C$23.21. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The firm has a market cap of C$6.19 billion, a price-to-earnings ratio of 208.81 and a beta of 0.73. The company has a 50 day moving average price of C$21.17 and a 200-day moving average price of C$20.46.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its earnings results on Thursday, February 26th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$303.73 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. As a group, research analysts predict that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued 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 of this dividend was Friday, February 27th. Chartwell Retirement Residences’s payout ratio is presently 654.67%.

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.