Chartwell Retirement Residences (TSE:CSH.UN) Sets New 12-Month High – Here’s What Happened

Chartwell Retirement Residences (TSE:CSH.UN)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$16.35 and last traded at C$16.33, with a volume of 86454 shares. The stock had previously closed at C$16.11.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSH.UN. TD Securities lifted their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. CIBC lifted their price objective on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Finally, BMO Capital Markets set a C$18.00 target price on shares of Chartwell Retirement Residences and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Chartwell Retirement Residences currently has an average rating of “Buy” and a consensus target price of C$17.21.

Chartwell Retirement Residences Price Performance

The stock has a market cap of C$4.43 billion, a P/E ratio of -96.06 and a beta of 1.12. The business has a 50 day simple moving average of C$15.57 and a 200-day simple moving average of C$15.09. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.051 per share. The ex-dividend date is Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a yield of 3.75%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -358.82%.

Chartwell Retirement Residences Company Profile

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.