Chartwell Retirement Residences (TSE:CSH.UN) Sets New 52-Week High – Time to Buy?

Chartwell Retirement Residences (TSE:CSH.UN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$16.29 and last traded at C$16.16, with a volume of 403894 shares. The stock had previously closed at C$15.70.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. National Bankshares increased their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Scotiabank lifted their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Desjardins upped their price target on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, TD Securities lifted their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$17.08.

Chartwell Retirement Residences Price Performance

The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The company’s fifty day simple moving average is C$15.55 and its two-hundred day simple moving average is C$14.15. The stock has a market capitalization of C$4.41 billion, a PE ratio of -95.18 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 3.77%. The ex-dividend date is Friday, November 29th. Chartwell Retirement Residences’s payout ratio is -358.82%.

Insider Transactions at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total value of C$502,627.81. Insiders own 0.55% of the company’s stock.

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.