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

Chartwell Retirement Residences (TSE:CSH.UN) released its earnings results on Thursday. The company reported C$0.05 EPS for the quarter, FiscalAI reports. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The company had revenue of C$314.65 million for the quarter.

Chartwell Retirement Residences Price Performance

Shares of Chartwell Retirement Residences stock opened at C$21.58 on Friday. The firm has a market cap of C$6.84 billion, a PE ratio of 230.85 and a beta of 0.82. 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 quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The company’s fifty day simple moving average is C$21.05 and its two-hundred day simple moving average is C$20.75.

Chartwell Retirement Residences Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be issued a $0.052 dividend. This is a boost from Chartwell Retirement Residences’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. Chartwell Retirement Residences’s payout ratio is 654.67%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Scotiabank increased 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, March 2nd. Canaccord Genuity Group raised their price target on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Desjardins raised 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. TD Securities raised 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 report on Monday, March 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$24.94.

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.