Chartwell Retirement Residences (TSE:CSH.UN) Sets New 1-Year High - Should You 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 hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$19.55 and last traded at C$19.49, with a volume of 21040 shares changing hands. The stock had previously closed at C$19.44.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSH.UN. Scotiabank boosted their price objective on Chartwell Retirement Residences from C$20.00 to C$22.00 in a research note on Monday, August 11th. TD Securities decreased their price target 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 upped their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada upped their price target on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$21.07.

Chartwell Retirement Residences Trading Up 0.7%

The stock has a 50 day simple moving average of C$18.29 and a 200-day simple moving average of C$17.69. The firm has a market capitalization of C$5.60 billion, a P/E ratio of 99.03 and a beta of 0.75. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.051 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. 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.