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

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$16.29 and last traded at C$16.16, with a volume of 403894 shares. The stock had previously closed at C$15.70.

Analyst Ratings Changes

CSH.UN has been the subject of a number of research reports. Scotiabank boosted their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. TD Securities raised their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Monday, November 18th. CIBC upped their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Desjardins lifted their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, National Bankshares increased their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$17.08.

Chartwell Retirement Residences Price Performance

The stock’s 50-day simple moving average is C$15.55 and its two-hundred day simple moving average is C$14.15. The company has a market capitalization of C$4.41 billion, a price-to-earnings ratio of -95.18 and a beta of 1.12. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 3.77%. The ex-dividend date is Friday, November 29th. Chartwell Retirement Residences’s payout ratio is -358.82%.

Insiders Place Their Bets

In related news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is owned by company insiders.

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.