Chartwell Retirement Residences (TSE:CSH.UN) Hits New 1-Year High - What's Next?

Key Points

• Chartwell Retirement Residences' stock reached a new **52-week high** of **C$20.53**, with a trading volume of **16,144 shares**.
• Several analysts have recently **increased their price targets**, with Royal Bank of Canada estimating a price of **C$21.00** and Scotiabank raising theirs to **C$22.00**.
• The company has declared a **monthly dividend** of **$0.051**, reflecting a **3.0% dividend yield**, though with a high payout ratio of **313.36%**.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as C$20.53 and last traded at C$20.53, with a volume of 16144 shares changing hands. The stock had previously closed at C$20.44.

Analyst Ratings Changes

Several research analysts recently commented on CSH.UN shares. Royal Bank Of Canada boosted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Scotiabank increased their price objective on Chartwell Retirement Residences from C$20.00 to C$22.00 in a report on Monday, August 11th. Desjardins boosted their target price 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, August 11th. Finally, TD Securities decreased their price target 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, August 11th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$21.07.

Chartwell Retirement Residences Stock Performance

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 company has a market capitalization of C$5.89 billion, a PE ratio of 104.20 and a beta of 0.75. The stock has a 50-day simple moving average of C$18.72 and a 200 day simple moving average of C$17.94.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were issued a $0.051 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 29th. Chartwell Retirement Residences's dividend payout ratio is 313.36%.

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.

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