Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High – What’s Next?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$23.38 and last traded at C$23.31, with a volume of 57994 shares trading hands. The stock had previously closed at C$23.19.

Analyst Ratings Changes

Several equities research analysts have commented on CSH.UN shares. TD upped their price target on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, May 11th. Desjardins increased their target price on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Raymond James Financial lifted their price target on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the company a “strong-buy” rating in a research note on Monday, May 11th. Canaccord Genuity Group raised their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, BMO Capital Markets increased their target price on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Trading Up 0.0%

The stock has a market capitalization of C$7.52 billion, a PE ratio of -36,708.86 and a beta of 0.86. The company’s 50 day moving average price is C$21.82 and its two-hundred day moving average price is C$21.33. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The firm had revenue of C$314.65 million for the quarter. As a group, analysts expect that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a $0.052 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, July 31st. Chartwell Retirement Residences’s payout ratio is presently -96,993.67%.

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.