Chartwell Retirement Residences (TSE:CSH.UN) Receives C$25.82 Average Price Target from Brokerages

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have received a consensus rating of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$25.82.

Several research analysts recently issued reports on the company. TD lifted their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Canaccord Genuity Group raised their price target on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Raymond James Financial boosted their price target on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a “strong-buy” rating in a report on Monday, May 11th. Desjardins increased their price objective on 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. Finally, National Bank Financial lifted their price objective on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research report on Monday, May 11th.

Chartwell Retirement Residences Price Performance

Shares of Chartwell Retirement Residences stock traded down C$0.21 on Friday, hitting C$23.01. The company’s stock had a trading volume of 262,410 shares, compared to its average volume of 438,524. The company has a market capitalization of C$7.46 billion, a P/E ratio of -36,408.23 and a beta of 0.86. Chartwell Retirement Residences has a 52-week low of C$17.20 and a 52-week high of C$23.38. The firm has a fifty day moving average price of C$21.49 and a 200-day moving average price of C$21.12. 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 announced its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company 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%. On average, equities research analysts expect that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.052 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.7%. Chartwell Retirement Residences’s payout ratio is -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.