Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High – What’s Next?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price hit a new 52-week high on Friday . The company traded as high as C$23.23 and last traded at C$23.23, with a volume of 15843 shares. The stock had previously closed at C$23.05.

Wall Street Analysts Forecast Growth

CSH.UN has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. TD boosted their target price on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Canaccord Genuity Group upped their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. Desjardins raised their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, National Bank Financial lifted their price objective on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Trading Up 1.0%

The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The stock has a market capitalization of C$7.54 billion, a P/E ratio of -36,819.62 and a beta of 0.92. The business’s fifty day simple moving average is C$21.20 and its two-hundred day simple moving average is C$21.01.

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. The firm had revenue of C$314.65 million during the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. As a group, analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.052 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 30th. Chartwell Retirement Residences’s payout ratio is currently -96,993.67%.

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.