Chartwell Retirement Residences (TSE:CSH.UN) Hits New 52-Week High – Here’s What Happened

Shares of Chartwell Retirement Residences (TSE:CSH.UN) reached a new 52-week high on Tuesday . The company traded as high as C$21.58 and last traded at C$21.39, with a volume of 69096 shares traded. The stock had previously closed at C$21.37.

Analyst Ratings Changes

Several analysts recently issued reports on CSH.UN shares. Canaccord Genuity Group upped their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. TD Securities upped their target price on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. Scotiabank increased their price target on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research report on Monday, November 10th. CIBC boosted their price objective on Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. Finally, National Bankshares upped their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$22.44.

Chartwell Retirement Residences Trading Down 0.1%

The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The firm’s 50 day moving average is C$20.26 and its two-hundred day moving average is C$19.49. The stock has a market cap of C$6.49 billion, a price-to-earnings ratio of 249.03 and a beta of 0.90.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$285.26 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Equities analysts anticipate that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a dividend of $0.051 per share. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 2.9%. Chartwell Retirement Residences’s payout ratio is currently 713.84%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.