Chartwell Seniors Housing (CSH.UN-T)
395 watching
TSE:CSH.UN
12.06
0.08
(0.67%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
May 17, 2022, 8:00 pm
0
BUY
Her long-term view on this hasn't changed after Covid. CSH is now operating 100% retirement homes and no longer in long-term care units. Post-Covid, the supply/demand side of seniors homes has improved slowly. CSH occupancy is around 78% and pre-Covid was 90%. No reason why it can't return to 90%. Inflation pressures CSH but given their scale, they can deal with inflation. They kept their dividend during Covid and she hopes it increases.
property mngmnt / investment
$12.100
Owned
PAST TOP PICK
(A Top Pick Mar 30/21, Up 12%) Great setup with the Silver Tsunami. Stabilization in occupancy since the pandemic. Now it's a show-me story, still lots of risk. Pandemic shut down construction. Sector has lots of value.
property mngmnt / investment
BUY
LTC and retirement homes. Tremendous demographic growth profile. Very inexpensive valuations. A lot of US money is coming into the space. More supply will get built.
property mngmnt / investment
TOP PICK
Russia/Ukraine and interest rate situation favours quality names like this. Trades at around 15X with growth rate of 16% and 5% yield. Defensive stock so should have pretty smooth ride with growth and distribution. Buy 6, Hold 1, Sell 0. (Analysts’ price target is $14.04)
property mngmnt / investment
BUY
Retirement space operator which has lost occupancy over the pandemic. However the sector does have pricing power and has been able to keep rates steady in spite of fluctuating occupancy. There is a good backdrop and the upside is good - it will take time.
property mngmnt / investment
BUY
She held it through Covid, because there's increasing demand driven by aging demographics. 90% of their earnings comes from private retirement homes, and only 10% from LTCs (nursing homes reimbursed by government). Occupancy should return to pre-Covid levels above 90% rebounding from 80%. They're starting to see recovery. Residents and employees are all vaccinated. The need for seniors' housing has not gone away.
property mngmnt / investment
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
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
Chartwell Seniors Housing(CSH.UN-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 9
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 9
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, 9 stock analysts published opinions about CSH.UN-T. 9 analysts recommended to BUY the stock. 0 analysts 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?
9 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 2022-05-17, Chartwell Seniors Housing (CSH.UN-T) stock closed at a price of $12.06.
