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

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$16.33, with a volume of 86454 shares. The stock had previously closed at C$16.11.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSH.UN shares. BMO Capital Markets set a C$18.00 price target on Chartwell Retirement Residences and gave the company an “outperform” rating in a research note on Thursday, January 30th. TD Securities boosted their target price 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. Finally, CIBC raised 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. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$17.21.

Chartwell Retirement Residences Trading Up 1.4 %

The company has a market cap of C$4.43 billion, a P/E ratio of -96.06 and a beta of 1.12. The firm’s 50 day moving average is C$15.57 and its two-hundred day moving average is C$15.09. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The company 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 dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend 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.