Chartwell Retirement Residences (TSE:CSH.UN) Reaches New 52-Week High – Should You Buy?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.35 and last traded at C$16.27, with a volume of 23403 shares traded. The stock had previously closed at C$16.20.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. CIBC lifted their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. TD Securities lifted their price target on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$17.08.

Chartwell Retirement Residences Stock Performance

The stock has a 50-day simple moving average of C$15.57 and a 200-day simple moving average of C$15.00. The company has a market capitalization of C$4.39 billion, a price-to-earnings ratio of -95.18 and a beta of 1.12. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.051 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.78%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -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.