Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High at $13.04

Shares of Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$13.04 and last traded at C$13.03, with a volume of 329870 shares traded. The stock had previously closed at C$12.85.

Analyst Ratings Changes

CSH.UN has been the subject of several research reports. TD Securities set a C$16.00 price objective on shares of Chartwell Retirement Residences and gave the stock a “buy” rating in a research report on Friday, June 28th. Desjardins set a C$15.50 target price on shares of Chartwell Retirement Residences and gave the company a “buy” rating in a research report on Friday, June 28th. Scotiabank raised their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, June 28th. Royal Bank of Canada raised their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Finally, CIBC raised their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$14.75.

Chartwell Retirement Residences Trading Up 0.8 %

The stock has a market cap of C$3.18 billion, a price-to-earnings ratio of -62.48 and a beta of 1.12. The company has a quick ratio of 0.07, a current ratio of 0.44 and a debt-to-equity ratio of 275.11. The business’s 50 day simple moving average is C$12.65 and its 200 day simple moving average is C$12.28.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date is Friday, June 28th. Chartwell Retirement Residences’s dividend payout ratio is currently -290.48%.

Chartwell Retirement Residences Company Profile

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.