Chartwell Retirement Residences (TSE:CSH.UN) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts are broadly bullish: All 10 covering firms recommend buying Chartwell Retirement Residences, with a consensus 12-month price target of C$25.77.
• Several brokerages recently raised their targets to between C$25.00 and C$27.00, while the stock was trading at C$20.87.
• Chartwell reported quarterly revenue of C$336.74 million and announced a monthly dividend of C$0.052 per share, representing an approximately 3.0% annualized yield.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) have been given a consensus recommendation of "Buy" by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$25.77.

A number of brokerages have recently issued reports on CSH.UN. National Bank Financial boosted their price objective on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an "outperform" rating in a report on Monday, May 11th. Desjardins boosted 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 report on Monday, May 11th. Raymond James Financial boosted their price objective on shares of Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the company a "strong-buy" rating in a report on Monday, May 11th. Canaccord Genuity Group raised their target price on shares of 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, BMO Capital Markets lifted their price target on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research report on Monday, May 11th.

Chartwell Retirement Residences Stock Performance

Chartwell Retirement Residences stock traded up C$0.07 during mid-day trading on Monday, hitting C$20.87. 18,917 shares of the company's stock traded hands, compared to its average volume of 450,815. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The firm has a 50 day simple moving average of C$22.16 and a two-hundred day simple moving average of C$21.44. Chartwell Retirement Residences has a fifty-two week low of C$17.90 and a fifty-two week high of C$23.38. The stock has a market cap of C$6.85 billion, a price-to-earnings ratio of 1,127.44 and a beta of 0.85.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C($0.00) earnings per share for the quarter. The company had revenue of C$336.74 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, research analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, July 31st. Chartwell Retirement Residences's dividend payout ratio is presently 3,327.75%.

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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