Chartwell Retirement Residences (TSE:CSH.UN) Sets New 52-Week High - Should You Buy?

Key Points

• Chartwell Retirement Residences' shares reached a new **52-week high** of C$20.65, indicating strong performance in the market.
• Equities analysts have raised their price targets for the stock, with a consensus rating of **"Buy"** and an average price target of C$21.44.
• The company announced a **monthly dividend** of $0.051 per share, with a dividend yield of **3.0%** and a payout ratio of **313.36%**.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$20.65 and last traded at C$20.62, with a volume of 123015 shares changing hands. The stock had previously closed at C$20.28.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. 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 note on Monday, August 11th. National Bankshares raised their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. TD Securities dropped their target price on Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Desjardins raised their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research note on Monday, August 11th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$21.44.

Chartwell Retirement Residences Stock Performance

The firm has a fifty day moving average of C$19.15 and a 200 day moving average of C$18.20. 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 stock has a market capitalization of C$5.97 billion, a price-to-earnings ratio of 105.53 and a beta of 0.67.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.051 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Chartwell Retirement Residences's 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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