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 during mid-day trading on Tuesday . The stock traded as high as C$21.58 and last traded at C$21.39, with a volume of 69096 shares trading hands. The stock had previously closed at C$21.37.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Canaccord Genuity Group boosted their target price on Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. National Bankshares increased their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Scotiabank raised their target price on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research note on Monday, November 10th. CIBC upped their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. Finally, TD Securities increased their price target on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a report on Monday, November 10th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$22.44.

Chartwell Retirement Residences Trading Up 0.6%

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 firm has a market capitalization of C$6.47 billion, a PE ratio of 248.44 and a beta of 0.90. The business’s 50-day moving average price is C$20.31 and its 200-day moving average price is C$19.52.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The firm had revenue of C$285.26 million during the quarter. As a group, analysts expect that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, October 31st. Chartwell Retirement Residences’s dividend payout ratio is 713.84%.

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.