Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High – What’s Next?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$17.72 and last traded at C$17.52, with a volume of 7454 shares changing hands. The stock had previously closed at C$17.47.

Analyst Ratings Changes

Several research analysts have issued reports on CSH.UN shares. TD Securities upped their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Canaccord Genuity Group set a C$20.50 price target on Chartwell Retirement Residences and gave the stock a “buy” rating in a research note on Thursday, April 3rd. BMO Capital Markets upped their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research note on Monday, March 3rd. Finally, CIBC lifted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$18.00.

Chartwell Retirement Residences Stock Performance

The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The stock’s 50-day simple moving average is C$16.66 and its two-hundred day simple moving average is C$16.07. The stock has a market cap of C$4.83 billion, a price-to-earnings ratio of -104.59 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Friday, February 28th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.