Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High - Should You Buy?

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$17.72 and last traded at C$17.52, with a volume of 7454 shares changing hands. The stock had previously closed at C$17.47.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CSH.UN shares. TD Securities increased their target price on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. CIBC upped their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research report on Monday, March 3rd. BMO Capital Markets lifted their price target on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday, March 3rd. Finally, Canaccord Genuity Group set a C$20.50 price objective on shares of Chartwell Retirement Residences and gave the stock a "buy" rating in a report on Thursday, April 3rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$18.00.

Chartwell Retirement Residences Price Performance

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's fifty day moving average is C$16.67 and its two-hundred day moving average is C$16.08. The company has a market cap of C$4.76 billion, a P/E ratio of -103.12 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Friday, February 28th. Chartwell Retirement Residences's payout ratio is -358.82%.

Chartwell Retirement Residences Company Profile

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.