Chartwell Retirement Residences (TSE:CSH.UN) Hits New 52-Week High – What’s Next?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high on Thursday . The stock traded as high as C$16.50 and last traded at C$16.43, with a volume of 140061 shares trading hands. The stock had previously closed at C$16.11.

Wall Street Analysts Forecast Growth

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

Chartwell Retirement Residences Price Performance

The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The company has a market capitalization of C$4.44 billion, a PE ratio of -96.29 and a beta of 1.12. The firm has a 50-day moving average of C$15.62 and a 200 day moving average of C$15.28.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, January 31st. Chartwell Retirement Residences’s dividend payout ratio is -358.82%.

About Chartwell Retirement Residences

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.