Chartwell Retirement Residences (TSE:CSH.UN) Sets New 1-Year High - Here's Why

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$16.35 and last traded at C$16.33, with a volume of 86454 shares traded. The stock had previously closed at C$16.11.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSH.UN. BMO Capital Markets set a C$18.00 price objective on Chartwell Retirement Residences and gave the company an "outperform" rating in a report on Thursday, January 30th. TD Securities boosted their price target on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, CIBC upped their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$17.21.

Chartwell Retirement Residences Price Performance

The company has a market capitalization of C$4.43 billion, a PE ratio of -96.06 and a beta of 1.12. 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's 50 day simple moving average is C$15.59 and its 200-day simple moving average is C$15.17.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.051 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.75%. Chartwell Retirement Residences's payout ratio 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.