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

Key Points

• Analysts overwhelmingly favor Chartwell Retirement Residences: all 10 covering firms rate the stock Buy or Strong Buy, with an average 12-month price target of C$25.77 versus its recent price of C$20.22.
• ATB Cormark lowered its price target to C$25.00 from C$25.50 while maintaining an Outperform rating.
• Chartwell reported quarterly revenue of C$336.74 million and earnings of approximately C$0.00 per share. The company also paid a monthly dividend of C$0.052 per share, implying a 3.1% annualized yield.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) have been given a consensus recommendation of "Buy" by the ten analysts that are covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$25.77.

Separately, ATB Cormark Capital Markets decreased their price target on shares of Chartwell Retirement Residences from C$25.50 to C$25.00 and set an "outperform" rating on the stock in a report on Wednesday, August 12th.

Chartwell Retirement Residences Price Performance

TSE CSH.UN traded down C$0.01 during trading on Friday, reaching C$20.22. The company's stock had a trading volume of 4,671 shares, compared to its average volume of 446,652. The firm has a fifty day moving average of C$21.54 and a 200 day moving average of C$21.32. Chartwell Retirement Residences has a one year low of C$18.85 and a one year high of C$23.38. The stock has a market capitalization of C$6.64 billion, a PE ratio of 1,092.32 and a beta of 0.80. 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.UN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C($0.00) 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$336.74 million during the quarter. Analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.052 per share. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.1%. Chartwell Retirement Residences's dividend payout ratio (DPR) 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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