Chartwell Retirement Residences (TSE:CSH.UN) Given Consensus Recommendation of “Buy” by Brokerages

by · The Markets Daily

Shares of Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$25.82.

CSH.UN has been the topic of a number of analyst reports. Scotiabank lifted their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Canaccord Genuity Group lifted their price objective 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. BMO Capital Markets lifted their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Desjardins 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. Finally, ATB Cormark Capital Markets lifted their price objective on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research report on Monday, March 2nd.

Check Out Our Latest Stock Report on Chartwell Retirement Residences

Chartwell Retirement Residences Trading Down 0.8%

Shares of CSH.UN opened at C$21.23 on Wednesday. Chartwell Retirement Residences has a 52-week low of C$17.20 and a 52-week high of C$23.21. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The firm’s fifty day moving average is C$20.94 and its two-hundred day moving average is C$20.81. The stock has a market cap of C$6.88 billion, a PE ratio of -33,591.77 and a beta of 0.92.

Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) last announced 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 firm had revenue of C$314.65 million for the quarter. Research analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.052 per share. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.9%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -96,993.67%.

Chartwell Retirement Residences Company Profile

(Get Free Report)

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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