Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High Following Analyst Upgrade

Chartwell Retirement Residences (TSE:CSH.UN)’s share price reached a new 52-week high during trading on Tuesday after CIBC raised their price target on the stock from C$16.50 to C$19.00. The company traded as high as C$16.17 and last traded at C$16.13, with a volume of 124022 shares trading hands. The stock had previously closed at C$16.08.

Several other research analysts have also recently weighed in on CSH.UN. National Bankshares lifted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Desjardins raised their price objective on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 12th. TD Securities raised their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Monday. Scotiabank raised their price objective on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$17.08.

Insider Transactions at Chartwell Retirement Residences

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

Chartwell Retirement Residences Trading Up 0.4 %

The business has a fifty day simple moving average of C$15.50 and a 200 day simple moving average of C$14.03. The stock has a market cap of C$4.38 billion, a price-to-earnings ratio of -94.94 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -358.82%.

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.