Shares of Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) have earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$25.82.
CSH.UN has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Scotiabank raised their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Canaccord Genuity Group raised their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. TD Securities raised their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, BMO Capital Markets raised their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th.
Read Our Latest Stock Report on Chartwell Retirement Residences
Chartwell Retirement Residences Stock Down 0.8%
Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The company had revenue of C$314.65 million for the quarter. As a group, sell-side analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.
Chartwell Retirement Residences Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. Chartwell Retirement Residences’s payout ratio is currently -96,993.67%.
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.
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