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MISSISSAUGA, ON, Oct. 21, 2024 /CNW/ – Chartwell Retirement Residences (“Chartwell”) CSH announced today that it has agreed to issue $150 million aggregate principal amount of Series D senior unsecured debentures (the “Debentures”). The Debentures will bear interest at a rate of 4.400% per annum and will mature on November 5, 2029. The Debentures will be unconditionally guaranteed by Chartwell Master Care LP. The Debentures are being offered on an agency basis by a syndicate of agents led by TD Securities Inc., BMO Capital Markets and CIBC Capital Markets as joint bookrunners. The offering is expected to close on October 28, 2024, subject to satisfaction of customary closing conditions. DBRS Limited has assigned a provisional rating of “BBB (low)” with a “Stable” trend to the Debentures. It is a condition to the closing of the offering that DBRS Limited assigns a final rating to the Debentures of “BBB (low)” with a “Stable” trend.

Chartwell intends to use the net proceeds from this offering to repay existing indebtedness, including indebtedness under its secured credit facility and term loan and to partially finance certain previously announced acquisitions of retirement residences expected to close in the fourth quarter of 2024, including indebtedness incurred in connection with such acquisitions.

The offering is being made by way of a private placement to “accredited investors” in each of the provinces of Canada.

The Debentures have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Chartwell 

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. For more information, visit www.chartwell.com.

Forward-Looking Information 

This press release contains forward-looking information that reflects the current expectations, estimates and projections of management about the future results, performance, achievements, prospects or opportunities for Chartwell and the seniors housing industry. The words “plans”, “expects”, “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes” or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved” or “continue” and similar expressions identify forward-looking statements. Forward-looking information in this document include statements with respect to the credit rating expected to be assigned to the Debentures, the intended use of proceeds from the offering of the Debentures, the completion and expected closing date of the offering and the timing of the closing of certain previously announced acquisitions. Forward-looking statements are based upon a number of assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond our control, and that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements.

While we anticipate that subsequent events and developments may cause our views to change, we do not intend to update this forward-looking information, except as required by applicable securities laws. This forward-looking information represents our views as of the date of this press release and such information should not be relied upon as representing our views as of any date subsequent to the date of this document. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These factors are not intended to represent a complete list of the factors that could affect us. See “Risks and Uncertainties” in our management’s discussion and analysis of results of operations and financial condition for the year ended December 31, 2023 and risk factors highlighted in materials filed with the securities regulatory authorities in Canada from time to time, including but not limited to our most recent Annual Information Form.

FOR FURTHER INFORMATION PLEASE CONTACT:

Chartwell Retirement Residences
Vlad Volodarski
Chief Executive Officer
Tel: (905) 501-4709
Email: investorrelations@chartwell.com

SOURCE Chartwell Retirement Residences (IR)

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A substantial insider sell was reported on October 21, by Glenn Pushis, Senior Vice President at Steel Dynamics STLD, based on the recent SEC filing.

What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday outlined that Pushis executed a sale of 17,941 shares of Steel Dynamics with a total value of $2,387,825.

During Tuesday’s morning session, Steel Dynamics shares down by 2.62%, currently priced at $129.95.

Discovering Steel Dynamics: A Closer Look

Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company’s segment includes steel operations, metals recycling operations, steel fabrication operations, Aluminum Operations Segment, and others. It generates maximum revenue from the steel operations segment.

A Deep Dive into Steel Dynamics’s Financials

Revenue Growth: Steel Dynamics’s revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -6.28%. This indicates a decrease in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.

Evaluating Earnings Performance:

• Gross Margin: The company faces challenges with a low gross margin of 13.94%, suggesting potential difficulties in cost control and profitability compared to its peers.

• Earnings per Share (EPS): Steel Dynamics’s EPS is below the industry average. The company faced challenges with a current EPS of 2.06. This suggests a potential decline in earnings.

Debt Management: Steel Dynamics’s debt-to-equity ratio surpasses industry norms, standing at 0.41. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

Navigating Market Valuation:

• Price to Earnings (P/E) Ratio: The current P/E ratio of 12.0 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.

• Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 1.18 suggests overvaluation in the eyes of investors, considering sales performance.

• EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Steel Dynamics’s EV/EBITDA ratio stands at 8.07, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.

Market Capitalization Analysis: Above industry benchmarks, the company’s market capitalization emphasizes a noteworthy size, indicative of a strong market presence.

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Exploring the Significance of Insider Trading

While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.

In legal terms, an “insider” refers to any officer, director, or beneficial owner of more than ten percent of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Navigating the World of Insider Transaction Codes

For investors, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.

Check Out The Full List Of Steel Dynamics’s Insider Trades.

Insider Buying Alert: Profit from C-Suite Moves

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Getty Realty GTY is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here’s a quick overview of what investors should know before the release.

Analysts are estimating that Getty Realty will report an earnings per share (EPS) of $0.58.

The announcement from Getty Realty is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It’s worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

Last quarter the company beat EPS by $0.01, which was followed by a 3.38% increase in the share price the next day.

Here’s a look at Getty Realty’s past performance and the resulting price change:

Analyst Opinions on Getty Realty

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Getty Realty.

With 3 analyst ratings, Getty Realty has a consensus rating of Buy. The average one-year price target is $33.33, indicating a potential 3.67% upside.

Analyzing Analyst Ratings Among Peers

In this comparison, we explore the analyst ratings and average 1-year price targets of Retail Opportunity, Netstreit and InvenTrust Properties, three prominent industry players, offering insights into their relative performance expectations and market positioning.

• As per analysts’ assessments, Retail Opportunity is favoring an Neutral trajectory, with an average 1-year price target of $16.0, suggesting a potential 50.23% downside.
• Netstreit received a Buy consensus from analysts, with an average 1-year price target of $17.75, implying a potential 44.79% downside.
• As per analysts’ assessments, InvenTrust Properties is favoring an Buy trajectory, with an average 1-year price target of $31.33, suggesting a potential 2.55% downside.

Comprehensive Peer Analysis Summary

Within the peer analysis summary, vital metrics for Retail Opportunity, Netstreit and InvenTrust Properties are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

Key Takeaway:

Getty Realty ranks at the top for Revenue Growth and Gross Profit among its peers. It is in the middle for Consensus rating and Return on Equity.

Get to Know Getty Realty Better

Getty Realty Corp is the real estate investment trust in the U.S. specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. The company’s portfolio includes convenience stores, car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, collision), automotive parts retailers, and certain other freestanding retail properties, including drive-thru quick service restaurants. It generates majority of the revenue in the form of rental income.

Financial Milestones: Getty Realty’s Journey

Market Capitalization: Indicating a reduced size compared to industry averages, the company’s market capitalization poses unique challenges.

Revenue Growth: Over the 3 months period, Getty Realty showcased positive performance, achieving a revenue growth rate of 11.72% as of 30 June, 2024. This reflects a substantial increase in the company’s top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.

Net Margin: Getty Realty’s financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 32.13%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Getty Realty’s ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.69%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): The company’s ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.86%, the company showcases effective utilization of assets.

Debt Management: Getty Realty’s debt-to-equity ratio is below the industry average at 0.9, reflecting a lower dependency on debt financing and a more conservative financial approach.

To track all earnings releases for Getty Realty visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

On October 21, Laura G Scheland, VP and Chief Legal Officer at Oil-Dri Corp of America ODC executed a significant insider buy, as disclosed in the latest SEC filing.

What Happened: Scheland demonstrated confidence in Oil-Dri Corp of America by purchasing 3,500 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the transaction is $239,505.

Oil-Dri Corp of America‘s shares are actively trading at $69.5, experiencing a up of 1.56% during Tuesday’s morning session.

Get to Know Oil-Dri Corp of America Better

Oil-Dri Corp of America develops, manufactures, and markets sorbent products made predominantly from clay. Its absorbent offerings, which draw liquid up, include cat litter, floor products, toxin control substances for livestock, and agricultural chemical carriers. The company has two segments based on the different characteristics of two primary customer groups namely Retail and Wholesale Products Group and Business to Business Products Group. The company’s products are sold under various brands such as Cat’s Pride, Jonny Cat, Amlan, Agsorb, Verge, Pure-Flo, and Ultra-Clear.

Financial Insights: Oil-Dri Corp of America

Revenue Growth: Oil-Dri Corp of America displayed positive results in 3 months. As of 31 July, 2024, the company achieved a solid revenue growth rate of approximately 5.88%. This indicates a notable increase in the company’s top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.

Insights into Profitability:

• Gross Margin: The company shows a low gross margin of 29.04%, suggesting potential challenges in cost control and profitability compared to its peers.

• Earnings per Share (EPS): Oil-Dri Corp of America’s EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.26.

Debt Management: Oil-Dri Corp of America’s debt-to-equity ratio is below the industry average at 0.34, reflecting a lower dependency on debt financing and a more conservative financial approach.

In-Depth Valuation Examination:

• Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 12.6 is lower than the industry average, indicating potential undervaluation for the stock.

• Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.38, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.

• EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): The company’s EV/EBITDA ratio 7.72 is below the industry average, indicating that it may be relatively undervalued compared to peers.

Market Capitalization Perspectives: The company’s market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

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Why Pay Attention to Insider Transactions

Insider transactions shouldn’t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.

When discussing legal matters, the term “insider” refers to any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.

A new purchase by a company insider is a indication that they anticipate the stock will rise.

On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.

A Closer Look at Important Transaction Codes

When dissecting transactions, the focal point for investors is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.

Check Out The Full List Of Oil-Dri Corp of America’s Insider Trades.

Insider Buying Alert: Profit from C-Suite Moves

Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Goldman Sachs analyst Noah Poponak expresses their view on GE Aerospace‘s GE third-quarter 2024 results.

The company reported adjusted revenue growth of 6% Y/Y to $8.943 billion and GAAP revenue of $9.84 billion. The analyst consensus was $9.022 billion.

GE still expects adjusted revenue growth in the high single digits. It now sees adjusted EPS of $4.20 – $4.35 (prior $3.95 – $4.20) vs. the $4.25 consensus.

The company now expects adjusted operating profit of $6.7 billion – $6.9 billion (prior $6.5 billion – $6.8 billion) and adjusted free cash flow of $5.6 billion – $5.8 billion (prior $5.3 billion – $5.6 billion).

The analyst writes that GE’s results are solid overall but mixed by segment. Market expectations were high, and segment EBIT fell short of consensus.

While commercial engines remain a key growth driver, the analyst says the defense segment underperformed due to lower revenue and margins.

Goldman Sachs rated the company ‘Buy’, with a price target of $201. The analyst expects EPS of $4.12 for FY24, $5.16 for FY25, and $6.30 for FY26.

Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF ITA and TCW Transform Systems ETF NETZ.

Price Action: GE shares are down 8.69% at $177.36 at the last check Tuesday.

Photo by Ground Picture on Shutterstock

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