Chartwell Retirement Residences (TSE:CSH.UN) Stock Rated "Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a bullish view: Chartwell Retirement Residences has an average “Buy” rating, with nine buy ratings and one strong buy; the average 12-month price target is C$25.77.
• ATB Cormark lowered its price target from C$25.50 to C$25.00 while retaining an “outperform” rating. Shares recently traded at C$19.42, below both their 50-day and 200-day moving averages.
• Chartwell reported quarterly revenue of C$336.74 million and earnings of approximately C$0.00 per share, while paying a monthly dividend of C$0.052 per share, equivalent to a 3.2% annualized yield.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has been given an average recommendation of "Buy" by the ten analysts that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on 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 for the company in a research report on Wednesday, August 12th.

Chartwell Retirement Residences Trading Up 0.4%

Shares of Chartwell Retirement Residences stock traded up C$0.07 during trading hours on Tuesday, reaching C$19.42. The stock had a trading volume of 4,757 shares, compared to its average volume of 445,962. The firm has a 50 day simple moving average of C$20.58 and a two-hundred day simple moving average of C$21.19. The firm has a market capitalization of C$6.38 billion, a price-to-earnings ratio of 1,049.11 and a beta of 0.88. Chartwell Retirement Residences has a 1 year low of C$18.85 and a 1 year high of C$23.38. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C($0.00) earnings per share for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The firm had revenue of C$336.74 million for the quarter. As a group, equities research analysts anticipate that Chartwell Retirement Residences will post 0.12 earnings per share for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a dividend of $0.0520 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, July 31st. Chartwell Retirement Residences's payout ratio is currently 3,327.75%.

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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