Chartwell Retirement Residences (TSE:CSH.UN) Sets New 1-Year High at $10.81

Chartwell Retirement Residences (TSE:CSH.UN)’s share price reached a new 52-week high on Friday . The stock traded as high as C$10.81 and last traded at C$10.74, with a volume of 67534 shares changing hands. The stock had previously closed at C$10.66.

Analyst Ratings Changes

Several equities analysts have commented on the company. Scotiabank raised their price objective on Chartwell Retirement Residences from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research report on Monday, October 30th. CIBC boosted their price objective on shares of Chartwell Retirement Residences from C$12.00 to C$13.00 in a research note on Monday, August 14th. Royal Bank of Canada raised their target price on shares of Chartwell Retirement Residences from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. TD Securities lifted their target price on shares of Chartwell Retirement Residences from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, National Bankshares upped their price target on Chartwell Retirement Residences from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 19th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$12.70.

Chartwell Retirement Residences Trading Up 0.7 %

The company has a debt-to-equity ratio of 344.23, a current ratio of 0.26 and a quick ratio of 0.07. The stock’s 50-day moving average is C$10.32 and its two-hundred day moving average is C$9.75. The company has a market cap of C$2.57 billion, a P/E ratio of 134.13 and a beta of 1.13.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 15th were given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Wednesday, August 30th. Chartwell Retirement Residences’s payout ratio is currently 762.50%.

Insider Activity at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Gary Neil Whitelaw acquired 5,100 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of C$10.40 per share, with a total value of C$53,040.00. 0.60% of the stock is currently owned by company insiders.

Chartwell Retirement Residences Company Profile

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.