Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High – Here’s Why

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

Wall Street Analyst Weigh In

Several equities analysts have commented on CSH.UN shares. TD Securities increased their price objective on shares of 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 raised their price target on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$17.08.

Chartwell Retirement Residences Trading Down 0.5 %

The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market cap of C$4.31 billion, a PE ratio of -93.53 and a beta of 1.12. The company has a 50-day simple moving average of C$15.56 and a 200 day simple moving average of C$15.03.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Friday, January 31st. 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.