Shares of Chartwell Retirement Residences (TSE:CSH.UN – Get 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
Chartwell Retirement Residences (TSE:CSH.UN – Get 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
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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