Chartwell Retirement Residences (TSE:CSH.UN) Hits New 52-Week 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 stock traded as high as C$16.17 and last traded at C$16.13, with a volume of 124022 shares changing hands. The stock had previously closed at C$16.08.

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

Insider Transactions at Chartwell Retirement Residences

In related news, Director Vlad Volodarski sold 31,872 shares of the stock in a transaction 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. Corporate insiders own 0.55% of the company’s stock.

Chartwell Retirement Residences Trading Down 0.6 %

The business’s 50 day simple moving average is C$15.52 and its 200 day simple moving average is C$14.06. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The stock has a market cap of C$4.36 billion, a P/E ratio of -94.41 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -358.82%.

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.