Chartwell Retirement Residences (TSE:CSH.UN) Reaches New 52-Week High - Still a Buy?

Key Points

• Chartwell Retirement Residences shares reached a new 52-week high of C$19.64, trading with a volume of 85,012 shares during mid-day on Thursday.
• Multiple analysts have updated their price targets for the stock, with Scotiabank setting a new target of C$22.00, while a consensus price target stands at C$21.07.
• The company announced a monthly dividend of $0.051, resulting in an annualized yield of 3.1%, despite a high dividend payout ratio of 313.36%.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$19.64 and last traded at C$19.64, with a volume of 85012 shares changing hands. The stock had previously closed at C$19.37.

Analysts Set New Price Targets

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

Chartwell Retirement Residences Price Performance

The stock has a fifty day moving average of C$18.43 and a two-hundred day moving average of C$17.79. The stock has a market cap of C$5.72 billion, a price-to-earnings ratio of 101.13 and a beta of 0.75. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were issued a $0.051 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a yield of 3.1%. Chartwell Retirement Residences's dividend payout ratio is 313.36%.

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.

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