Chartwell Retirement Residences (TSE:CSH.UN) Receives C$25.82 Average Price Target from Analysts

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$25.82.

A number of analysts have commented on the stock. Desjardins 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. Scotiabank increased their price target on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. National Bank Financial increased their price target on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a research note 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. Finally, Raymond James Financial increased 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 note on Monday, May 11th.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN opened at C$21.13 on Wednesday. Chartwell Retirement Residences has a 12 month low of C$17.20 and a 12 month high of C$23.21. The firm has a fifty day simple moving average of C$20.96 and a 200 day simple moving average of C$20.83. The stock has a market capitalization of C$6.85 billion, a price-to-earnings ratio of -33,433.54 and a beta of 0.92. 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 (TSE:CSH.UN) last announced its earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$314.65 million during the quarter. Research analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.052 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 3.0%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -96,993.67%.

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.