Chartwell Retirement Residences (TSE:CSH.UN) Hits New 52-Week High – Here’s What Happened

Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$16.50 and last traded at C$16.43, with a volume of 140061 shares changing hands. The stock had previously closed at C$16.11.

Analyst Ratings Changes

Several research firms recently weighed in on CSH.UN. BMO Capital Markets set a C$18.00 price target on shares of Chartwell Retirement Residences and gave the stock 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 raised their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average price target of C$17.21.

Chartwell Retirement Residences Stock Performance

The company has a market cap of C$4.47 billion, a price-to-earnings ratio of -96.94 and a beta of 1.12. The stock’s fifty day simple moving average is C$15.60 and its 200 day simple moving average is C$15.25. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.051 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.61 annualized dividend and a dividend yield of 3.71%. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

Chartwell Retirement Residences Company Profile

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.