Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High – Still a Buy?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$23.38 and last traded at C$23.31, with a volume of 57994 shares changing hands. The stock had previously closed at C$23.19.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. National Bank Financial boosted their target price on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a report on Monday, May 11th. TD upped their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, May 11th. BMO Capital Markets boosted their price target on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Raymond James Financial lifted their price objective on shares of Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a “strong-buy” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity Group raised their target price on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Trading Down 0.8%

The business’s 50-day simple moving average is C$21.92 and its 200-day simple moving average is C$21.37. The company has a market cap of C$7.46 billion, a PE ratio of -36,424.05 and a beta of 0.86. 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 (TSE:CSH.UN) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$314.65 million for the quarter. As a group, analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -96,993.67%.

About Chartwell Retirement Residences

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.