Chartwell Retirement Residences (TSE:CSH.UN) Reaches New 1-Year High – Should You Buy?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$16.76 and last traded at C$16.70, with a volume of 98538 shares trading hands. The stock had previously closed at C$16.54.

Wall Street Analyst Weigh In

CSH.UN has been the subject of a number of research reports. BMO Capital Markets set a C$18.00 target price on shares of Chartwell Retirement Residences and gave the company an “outperform” rating in a research report on Thursday, January 30th. CIBC boosted their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research note on Monday, November 18th. Finally, TD Securities boosted their price objective 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. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Chartwell Retirement Residences presently has a consensus rating of “Buy” and a consensus target price of C$17.21.

Chartwell Retirement Residences Trading Up 1.5 %

The stock has a 50-day moving average price of C$15.64 and a 200-day moving average price of C$15.33. 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 stock has a market cap of C$4.55 billion, a P/E ratio of -98.71 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a $0.051 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.61 annualized dividend and a dividend yield of 3.65%. Chartwell Retirement Residences’s payout ratio is currently -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.