Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High - What's Next?

Key Points

• Chartwell Retirement Residences shares have reached a new 52-week high of C$18.70, closing recently at C$18.45 with a trading volume of 246,472 shares.
• Several analysts, including TD Securities and BMO Capital Markets, have upgraded their target prices for Chartwell, with a consensus target price now at C$18.38.
• The company has declared a monthly dividend of $0.051, yielding 3.3%, with the ex-dividend date set for July 31st.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$18.70 and last traded at C$18.45, with a volume of 246472 shares. The stock had previously closed at C$18.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CSH.UN shares. TD Securities lowered their price objective on Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating for the company in a research note on Monday. Scotiabank upped their price target on Chartwell Retirement Residences from C$20.00 to C$22.00 in a research report on Monday. Desjardins upped their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research note on Monday. BMO Capital Markets increased their price target on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a report on Monday, May 12th. Finally, Royal Bank Of Canada raised their target price on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Monday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$20.44.

Chartwell Retirement Residences Stock Performance

The company has a 50-day simple moving average of C$18.09 and a two-hundred day simple moving average of C$17.31. 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 firm has a market capitalization of C$4.99 billion, a P/E ratio of -108.24 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a $0.051 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, July 31st. Chartwell Retirement Residences's 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.