Chartwell Retirement Residences (TSE:CSH.UN) Sets New 52-Week High After Analyst Upgrade

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s share price reached a new 52-week high during mid-day 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. The stock had previously closed at C$16.08.

A number of other analysts have also weighed in on the company. Royal Bank of Canada raised their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. National Bankshares raised their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research note on Tuesday, August 13th. Scotiabank raised 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 raised their target price on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Finally, TD Securities raised 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$17.08.

Insider Activity at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is owned by company insiders.

Chartwell Retirement Residences Price Performance

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 firm has a market cap of C$4.38 billion, a P/E ratio of -94.24 and a beta of 1.12. The company has a fifty day moving average price of C$15.47 and a two-hundred day moving average price of C$14.01.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, October 31st. Chartwell Retirement Residences's dividend payout ratio is presently -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.

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