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

Key Points

• Chartwell Retirement Residences reached a new 52-week high stock price of C$19.55, closing at C$19.49 with a trading volume of 21,040 shares.
• Multiple research firms have revised their price targets for CSH.UN; Royal Bank of Canada and Desjardins project targets of C$21.00 and C$22.00 respectively, with six analysts currently rating the stock as a "Buy."
• The company recently declared a monthly dividend of $0.051 per share, offering a yield of 3.1%, amidst a high payout ratio of 313.36%.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$19.55 and last traded at C$19.49, with a volume of 21040 shares trading hands. The stock had previously closed at C$19.44.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSH.UN. Royal Bank Of Canada upped their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a "buy" rating in a report on Monday, August 11th. TD Securities decreased their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating for the company in a report on Monday, August 11th. Finally, Scotiabank upped their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a report on Monday, August 11th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences has an average rating of "Buy" and an average target price 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 stock's 50 day simple moving average is C$18.24 and its two-hundred day simple moving average is C$17.62. The stock has a market cap of C$5.64 billion, a P/E ratio of 99.79 and a beta of 0.75.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 3.1%. Chartwell Retirement Residences's payout ratio is presently 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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