Chartwell Retirement Residences (TSE:CSH.UN) Sets New 52-Week High – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. National Bankshares lifted their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. TD Securities raised their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a report on Monday, November 10th. CIBC boosted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Finally, Scotiabank raised their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Six research 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 target price of C$22.44.

Chartwell Retirement Residences Price Performance

The stock’s 50-day moving average price is C$20.15 and its 200 day moving average price is C$19.39. 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 firm has a market capitalization of C$6.43 billion, a price-to-earnings ratio of 246.69 and a beta of 0.90.

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

Chartwell Retirement Residences Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.9%. Chartwell Retirement Residences’s payout ratio is presently 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.