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

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

Analysts Set New Price Targets

A number of research firms have recently commented on CSH.UN. CIBC increased their target price on shares of Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. TD Securities upped 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. Finally, BMO Capital Markets set a C$18.00 price target on shares of Chartwell Retirement Residences and gave the company an “outperform” rating in a research note on Thursday, January 30th. Seven equities 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 an average price target of C$17.21.

Chartwell Retirement Residences Stock Up 1.5 %

The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The stock has a 50 day simple moving average of C$15.64 and a 200 day simple moving average of C$15.33. The stock has a market cap of C$4.55 billion, a price-to-earnings ratio of -98.71 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

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