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

Shares of Chartwell Retirement Residences (TSE:CSH.UNGet Free Report) have been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$25.82.

Several research firms recently weighed in on CSH.UN. Desjardins increased their target price 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. TD upped their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada raised their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canaccord Genuity Group lifted their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, TD Securities boosted their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, March 2nd.

Get Our Latest Research Report on Chartwell Retirement Residences

Chartwell Retirement Residences Stock Performance

TSE:CSH.UN traded up C$0.02 during midday trading on Friday, hitting C$20.68. The company’s stock had a trading volume of 597,306 shares, compared to its average volume of 413,344. Chartwell Retirement Residences has a fifty-two week low of C$17.20 and a fifty-two week high of C$23.21. The firm’s 50 day moving average is C$20.93 and its 200-day moving average is C$20.75. The firm has a market cap of C$6.70 billion, a P/E ratio of -32,721.52 and a beta of 0.82. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences (TSE:CSH.UNGet Free Report) last released its earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. The firm had revenue of C$314.65 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Equities analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were 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 was Thursday, April 30th. This represents a c) annualized dividend and a yield of 3.0%. Chartwell Retirement Residences’s payout ratio is presently -96,993.67%.

Chartwell Retirement Residences Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Chartwell Retirement Residences (TSE:CSH.UN)

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