Chartwell Retirement Residences (TSE:CSH.UN) Reaches New 52-Week High at $12.47

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$12.47 and last traded at C$12.46, with a volume of 142742 shares trading hands. The stock had previously closed at C$12.43.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSH.UN. TD Securities upped their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company a "buy" rating in a research note on Monday, March 11th. CIBC boosted their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 in a report on Monday, March 11th. Finally, Scotiabank boosted their target price on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$14.00.

Chartwell Retirement Residences Stock Performance

The company has a current ratio of 0.45, a quick ratio of 0.07 and a debt-to-equity ratio of 258.26. The firm has a market capitalization of C$2.98 billion, a price-to-earnings ratio of -48.04 and a beta of 1.12. The company has a 50-day moving average of C$12.19 and a 200-day moving average of C$11.37.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Wednesday, March 27th. Chartwell Retirement Residences's dividend payout ratio is currently -234.62%.

Insider Activity at Chartwell Retirement Residences

In related news, Director Gary Neil Whitelaw bought 4,000 shares of the business's stock in a transaction on Monday, March 25th. The shares were bought at an average cost of C$12.25 per share, for a total transaction of C$49,000.00. Corporate insiders own 0.64% of the company's stock.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.