Chartwell Retirement Residences (TSE:CSH.UN) Sets New 1-Year High – Should You Buy?

Chartwell Retirement Residences (TSE:CSH.UN) reached a new 52-week high on Wednesday . The company traded as high as C$16.76 and last traded at C$16.70, with a volume of 98538 shares changing hands. The stock had previously closed at C$16.54.

Analysts Set New Price Targets

CSH.UN has been the subject of a number of recent research reports. TD Securities boosted 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 note on Monday, November 18th. BMO Capital Markets set a C$18.00 target price on Chartwell Retirement Residences and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, CIBC boosted their target price on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$17.21.

Chartwell Retirement Residences Trading Down 0.6 %

The firm has a market capitalization of C$4.56 billion, a PE ratio of -98.94 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. The firm has a 50 day simple moving average of C$15.71 and a 200 day simple moving average of C$15.39.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a $0.051 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.64%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -358.82%.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.