Chartwell Seniors Housing (CSH.UN-T)
1128 watching
TSE:CSH.UN
10.87
0.16
(1.45%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Dec 1, 2021, 9:00 pm
0
BUY
CSH.UN vs. SIA Likes the industry because of the demographics. This name is her preference, as 90% revenue is from retirement homes and only 10% from LTC. This mix is better than SIA's. Occupancy rate declined during Covid to 78%. Returning to pre-pandemic levels will take time and be lumpy. Both companies have high vaccination rates. CSH.UN has a very attractive multiple. She's buying it with new client money.
property mngmnt / investment
$11.990
Owned
WATCH
He's evaluating it. Down 25-30% from pre-pandemic levels. Need for its services. Concerned about its cost inflation. Labour shortages, putting upward pressure on prices. But the company can flow through these increases. Stock should at least take out its old high, and provide income along the way.
property mngmnt / investment
BUY
She's owned this for years and will continue to. During Covid, their occupancy rates dove obviously, but now she expects that to slowly recover--was 90%, now at 77%. She originally bought this for the need for long-term care for an aging population, and this trend hasn't changed. CSH operates 90% of its business in private seniors housing and only 10% LTC facilities. CSH handled the pandemic relatively well; vaccination rates for their residents and employees are high.
property mngmnt / investment
PAST TOP PICK
(A Top Pick Aug 21/20, Up 34%) It's been a tough year for them, given Covid. It's well-run and demographics favour it. However, their occupancy fell from 90% to 78-80% due to the pandemic. But occupancy is rebounding and they have a robust development pipeline. Pays a great yield and has sound fundamentals. Still a buy.
property mngmnt / investment
BUY
Allan Tong’s Discover Picks Since then, residents and staff have been fully jabbed and Chartwell’s vacancy rate has been recovering from a bottom of 80% after scaling 93% pre-Covid. Accordingly, the share price has climbed 17% to $13.60 as of this writing. Moreover, CSH.UN has restored its place as an income stock, paying a 4.51% dividend yield, which is in line with healthcare facilities. Since November, CSH stock has met its previous price target of $12.32 and is closing in on the current PT of $13.63, based on one buy and one hold signal, both published in early May. I expect an upgrade after a positive earnings report on August 5, which will cover the early Canadian reopening phase of April through June. Chartwell is not a trade, but a long-term investment that pays a reliable dividend and will be driven by demographics as more Canadians age. Read 3 Post-Covid Recovery Stocks to Buy for our full analysis.
property mngmnt / investment
HOLD
Income stock. Hit hard by Covid. Vaccines should help occupancy rates rebound. Need has not disappeared. Stock price has rebounded, but still room to move. Less supply moving in, from Covid overhang, will also be positive for occupancy.
property mngmnt / investment
DON'T BUY
Best of them all in the senior living space. There are always issues either with property, regulation, demographics, over supply, or the pandemic. Drop may present a decent buying opportunity. Difficult to value, as it's a communal living space. He finds much easier investments elsewhere.
property mngmnt / investment
TOP PICK
During Covid they lost a lot of occupancy and it was a tough sector during Covid. But now we're close to the bottom or past it. About 90% of CSH residents have gotten a vaccine. Compared to U.S. peers, CSH trades at a big discount with better fundamentals than most U.S. peers. CSH trades at 13.5x earnings vs. 20x in the U.S. They have a long way to go, though, and must raise occupancy by 10%, but he believes this will happen. Trades at a huge NAV discount. Note: this isn't a nursing home, which endures a cloud over it, but a retirement home. (Analysts’ price target is $12.71)
property mngmnt / investment
PAST TOP PICK
(A Top Pick Dec 16/19, Down 20%) A company that has been hit hard by the pandemic. They were having some problems prior due to supply on the market. Occupancy has come down from 93% to 80% in the last 12 months due to the pandemic restrictions. A first class operator and demographics are in favour of the company. Currently trading at less than 14x cashflow and pays 5.5% dividend. Continues to buy it.
property mngmnt / investment
SELL
Sees a bit of softness coming for seniors housing. Covid has elevated expenses. Operating margins pressured in an already tight sector. People are delaying opportunities to put loved ones into a home. Oversupply, which will take 2-3 years to fill up. Sell, and re-enter when we see what the new normal will be.
property mngmnt / investment
BUY
Allan Tong’s Discover Picks Chartwell jumped 13% on the Pfizer vaccine news and 3% on the Moderna. Since Nov. 9, the stock has been bubbling between $11-12. There's a little more room to run to its $12.32 price target. Rising Covid cases will challenge these LTC stocks, but more positive vaccine news will propel it further. Analyst and shareholder, Christine Poole, is reasonably correct in predicting CSH.UN will return to pre-Covid levels above $14 in 12 months or more. At least you're paid 5.14% to wait. Read 4 Reliable Covid Stocks and Recovery Stocks for our full analysis.
property mngmnt / investment
WATCH
Shares down significantly. Long-term demographic story remains intact. But now the fear in seniors housing has risen. Costs of health protection will increase, but dividend can be maintained and grow. On sale for a reason. Will be watching carefully through the winter.
property mngmnt / investment
BUY
Got hit really hard with Covid. Weren't able to do showings to new clients. There will be a slow improvement over time. Whole industry remains attractive. Excellent operator. Might take more than 12 months to get to pre-Covid levels.
property mngmnt / investment
HOLD
Management has done a great job navigating the virus earlier this year. The sector has taken a hit. Pleased with their occupancy rates, higher than he expected, and in keeping their residents. It's trading at a discount NAV. Hold if you own, but there will be choppiness in months or quarters to come, given Covid headlines. CSH can weather that though. The value of the real estate will still be there, and they are good operators.
property mngmnt / investment
Chartwell Seniors Housing(CSH.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Chartwell Seniors Housing(CSH.UN-T) Frequently Asked Questions
What is Chartwell Seniors Housing stock symbol?
Chartwell Seniors Housing is a Canadian stock, trading under the symbol CSH.UN-T on the Toronto Stock Exchange (CSH.UN-CT). It is usually referred to as TSX:CSH.UN or CSH.UN-T
Is Chartwell Seniors Housing a buy or a sell?
In the last year, 7 stock analysts published opinions about CSH.UN-T. 5 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chartwell Seniors Housing.
Is Chartwell Seniors Housing a good investment or a top pick?
Chartwell Seniors Housing was recommended as a Top Pick by on . Read the latest stock experts ratings for Chartwell Seniors Housing.
Why is Chartwell Seniors Housing stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Chartwell Seniors Housing worth watching?
7 stock analysts on Stockchase covered Chartwell Seniors Housing In the last year. It is a trending stock that is worth watching.
What is Chartwell Seniors Housing stock price?
On 2021-12-01, Chartwell Seniors Housing (CSH.UN-T) stock closed at a price of $10.87.
