Chartwell Retirement Residences (TSE:CSH.UN) Sets New 12-Month High – Still a Buy?

Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high during trading on Friday . The company traded as high as C$20.53 and last traded at C$20.53, with a volume of 16144 shares traded. The stock had previously closed at C$20.44.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSH.UN. TD Securities dropped their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Desjardins raised their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Scotiabank raised their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research note on Monday, August 11th. Finally, Royal Bank Of Canada raised their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average price target of C$21.07.

Chartwell Retirement Residences Stock Down 0.4%

The business’s 50 day moving average is C$18.78 and its 200-day moving average is C$17.98. The stock has a market cap of C$5.89 billion, a price-to-earnings ratio of 104.20 and a beta of 0.75. 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 Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were paid a $0.051 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 3.0%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently 313.36%.

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.