Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Rating of “Buy” by Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has been given an average rating of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$22.44.

A number of brokerages have recently issued reports on CSH.UN. CIBC increased their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. National Bankshares upped their target price on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Canaccord Genuity Group raised their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a research note on Monday, November 10th. Scotiabank lifted their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Finally, TD Securities upped their price objective on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock opened at C$21.37 on Friday. Chartwell Retirement Residences has a 12 month low of C$15.52 and a 12 month high of C$21.58. The company has a market capitalization of C$6.50 billion, a P/E ratio of 249.26 and a beta of 0.90. The stock has a 50 day moving average of C$20.29 and a two-hundred day moving average of C$19.51. 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 issued its earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$285.26 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. As a group, equities analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were given a $0.051 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, October 31st. Chartwell Retirement Residences’s dividend payout ratio is 713.84%.

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.