Chartwell Retirement Residences (TSE:CSH.UN) Sets New 12-Month High - Time to Buy?

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$18.70 and last traded at C$18.58, with a volume of 97761 shares. The stock had previously closed at C$18.59.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Chartwell Retirement Residences from C$19.00 to C$21.00 in a report on Monday, May 12th. Canaccord Genuity Group set a C$20.50 price target on Chartwell Retirement Residences and gave the stock a "buy" rating in a report on Thursday, April 3rd. Finally, TD Securities boosted their price target on Chartwell Retirement Residences from C$20.00 to C$21.00 in a research report on Monday, May 12th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$18.38.

Chartwell Retirement Residences Stock Performance

The company's fifty day moving average price is C$17.98 and its two-hundred day moving average price is C$16.76. 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$4.97 billion, a PE ratio of -107.76 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, June 30th. Chartwell Retirement Residences's dividend payout ratio (DPR) 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.