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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high on Tuesday . The company traded as high as C$21.12 and last traded at C$21.13, with a volume of 176225 shares trading hands. The stock had previously closed at C$20.46.

Analysts Set New Price Targets

Several brokerages have commented on CSH.UN. CIBC raised their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. TD Securities lifted their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a report on Monday, November 10th. Canaccord Genuity Group upped their price target on Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. National Bankshares increased their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, Scotiabank boosted their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 in a research report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$22.44.

Chartwell Retirement Residences Trading Up 3.4%

The company has a 50-day moving average price of C$20.15 and a 200-day moving average price of C$19.39. The firm has a market capitalization of C$6.43 billion, a price-to-earnings ratio of 246.69 and a beta of 0.90. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$285.26 million for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. As a group, research analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a dividend of $0.051 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, October 31st. Chartwell Retirement Residences’s payout ratio is currently 713.84%.

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. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.