Chartwell Retirement Residences (TSE:CSH.UN) Hits New 1-Year High – What’s Next?

Chartwell Retirement Residences (TSE:CSH.UN) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$16.29 and last traded at C$16.16, with a volume of 403894 shares traded. The stock had previously closed at C$15.70.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSH.UN. National Bankshares lifted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Royal Bank of Canada lifted their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. CIBC upped their price target on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Scotiabank boosted their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, Desjardins boosted their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$17.08.

Chartwell Retirement Residences Stock Up 3.1 %

The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The stock’s fifty day moving average price is C$15.55 and its 200-day moving average price is C$14.12. 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.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

Insider Buying and Selling

In other news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is owned by insiders.

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.