Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High at $14.86

Chartwell Retirement Residences (TSE:CSH.UN) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$14.86 and last traded at C$14.86, with a volume of 140494 shares changing hands. The stock had previously closed at C$14.59.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CSH.UN shares. CIBC increased their price objective on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a report on Monday, August 12th. National Bankshares raised their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. TD Securities raised their price objective on Chartwell Retirement Residences from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Desjardins raised their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences currently has an average rating of “Buy” and an average price target of C$16.17.

Chartwell Retirement Residences Stock Performance

The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The company has a market capitalization of C$4.03 billion, a PE ratio of -86.76 and a beta of 1.12. The stock has a 50-day simple moving average of C$13.44 and a 200 day simple moving average of C$12.77.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.051 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.12%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -358.82%.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.