Chartwell Retirement Residences (TSE:CSH.UN) Stock Rated “Buy” by Sell-Side Analysts

Chartwell Retirement Residences (TSE:CSH.UN) has been assigned an average recommendation of “Buy” from the ten research firms that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$25.77.

Separately, ATB Cormark Capital Markets reduced their price objective on shares of Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 12th.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN opened at C$20.16 on Tuesday. The business’s 50 day moving average is C$20.40 and its two-hundred day moving average is C$21.19. Chartwell Retirement Residences has a 52-week low of C$19.22 and a 52-week high of C$23.38. The firm has a market cap of C$6.62 billion, a price-to-earnings ratio of 1,089.08 and a beta of 0.88. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its quarterly earnings results on Thursday, August 6th. The company reported C($0.00) earnings per share (EPS) for the quarter. The business had revenue of C$336.74 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Analysts forecast that Chartwell Retirement Residences will post 0.12 EPS for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.0520 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently 3,327.75%.

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.