Chartwell Retirement Residences (TSE:CSH.UN) Hits New 52-Week High – Still a Buy?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high on Tuesday . The company traded as high as C$16.35 and last traded at C$16.27, with a volume of 23403 shares changing hands. The stock had previously closed at C$16.20.

Wall Street Analysts Forecast Growth

CSH.UN has been the topic of a number of recent research reports. TD Securities upped their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Monday, November 18th. CIBC boosted their price objective on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$17.08.

Chartwell Retirement Residences Stock Performance

The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm has a market capitalization of C$4.31 billion, a price-to-earnings ratio of -93.53 and a beta of 1.12. The stock’s fifty day moving average is C$15.56 and its two-hundred day moving average is C$15.03.

Chartwell Retirement Residences Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Friday, January 31st. Chartwell Retirement Residences’s payout ratio is -358.82%.

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.