Chartwell Seniors Housing

CSH.UN-T

TSE:CSH.UN

8.58
0.05 (0.58%)
Chartwell Retirement Residences is the largest participant in the Canadian seniors housing sector, with nearly 180 locations across Quebec, Ontario, Alberta, and British Columbia.
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Analysis and Opinions about CSH.UN-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 13, 2020
(A Top Pick Mar 12/19, Down 30%) It has been hit hard. The CEO indicates the trends are moving in the right direction. None of their facilities had any COVID-19 outbreaks (as of late February).
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(A Top Pick Mar 12/19, Down 30%) It has been hit hard. The CEO indicates the trends are moving in the right direction. None of their facilities had any COVID-19 outbreaks (as of late February).
COMMENT
COMMENT
February 28, 2020

Extendicare has a better chart than Chartwell. It has a head-and-shoulder chart movement. If you take into account the general market sell-off, investors need to be forgiving.

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Extendicare has a better chart than Chartwell. It has a head-and-shoulder chart movement. If you take into account the general market sell-off, investors need to be forgiving.

PAST TOP PICK
PAST TOP PICK
February 26, 2020
(A Top Pick Dec 16/19, Down 3%) He'd still be buying this. Demographics are massively in their favour, but the small overhang is some overcapacity (number of retirement home units) in this sector.
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(A Top Pick Dec 16/19, Down 3%) He'd still be buying this. Demographics are massively in their favour, but the small overhang is some overcapacity (number of retirement home units) in this sector.
HOLD
HOLD
February 13, 2020
Didn't do well last year because too much supply in Ontario, so their supply rate dipped down. Long-term demand trend and demographic in its favour. Nice distribution around 4%. Lots of growth going forward. Strong operator. Largest in Canada.
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Didn't do well last year because too much supply in Ontario, so their supply rate dipped down. Long-term demand trend and demographic in its favour. Nice distribution around 4%. Lots of growth going forward. Strong operator. Largest in Canada.
COMMENT
COMMENT
February 6, 2020
When you look at it initially, you wonder how you could lose. They are in a great business – retirement homes. They pay a nice yield. First of all the company has been paying out more than it earns so the balance sheet is steadily falling in attractiveness. The price to book has remained high and so the company took advantage of that by raising equity. The average price to book goes up. The company is raising money in the markets and then paying it out to shareholders. He thinks the company should come to market now.
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When you look at it initially, you wonder how you could lose. They are in a great business – retirement homes. They pay a nice yield. First of all the company has been paying out more than it earns so the balance sheet is steadily falling in attractiveness. The price to book has remained high and so the company took advantage of that by raising equity. The average price to book goes up. The company is raising money in the markets and then paying it out to shareholders. He thinks the company should come to market now.
DON'T BUY
DON'T BUY
December 31, 2019
Pays a 4.3% yield. It's a trading stock, moving up and down. The highs are getting lower over time, though it's not a bearish chart. He isn't bullish and would buy elsewhere.
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Pays a 4.3% yield. It's a trading stock, moving up and down. The highs are getting lower over time, though it's not a bearish chart. He isn't bullish and would buy elsewhere.
TOP PICK
TOP PICK
December 16, 2019
A defensive, income name. Earnings growth has been weaker than expected given more room supply, but demographics will push strong demand, long-term. Trades at 14.5x funds from operations and pays a 4% dividend. Offers above-average growth. You're paid to wait with strong earnings growth than the banks. (Analysts’ price target is $16.04)
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A defensive, income name. Earnings growth has been weaker than expected given more room supply, but demographics will push strong demand, long-term. Trades at 14.5x funds from operations and pays a 4% dividend. Offers above-average growth. You're paid to wait with strong earnings growth than the banks. (Analysts’ price target is $16.04)
BUY
BUY
December 13, 2019
REITs? The REITs space has been down this week following a good performance year. It may be a temporary rotation in the market going on as investors are moving back into cyclical names. She would be buying at this level. There is some oversupply developing in regions, like Ontario. However, over the long run, demographic trends are supportive. Yield 3%
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REITs? The REITs space has been down this week following a good performance year. It may be a temporary rotation in the market going on as investors are moving back into cyclical names. She would be buying at this level. There is some oversupply developing in regions, like Ontario. However, over the long run, demographic trends are supportive. Yield 3%
BUY
BUY
November 12, 2019
Pays a good yield (4.24%). The share price has pulled back, because they're facing more supply in Ontario which drove the occupancy rate to 87%. Management thinks occupancy has bottomed and will slowly rise. Long-term demand is there, despite this temporary over-build. Outside Ontario is doing well. Their cash flow should improve going forward as will their net operating income in 2020 by 3-4%.
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Pays a good yield (4.24%). The share price has pulled back, because they're facing more supply in Ontario which drove the occupancy rate to 87%. Management thinks occupancy has bottomed and will slowly rise. Long-term demand is there, despite this temporary over-build. Outside Ontario is doing well. Their cash flow should improve going forward as will their net operating income in 2020 by 3-4%.
BUY
BUY
November 1, 2019
Has a decent growth of 5% with good dividends. They missed on Q2 with an elevated balance sheet but it is trading at a nice 15.4 times valuation. Longterm outlook is good with an aging population. The management team is executing well.
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Has a decent growth of 5% with good dividends. They missed on Q2 with an elevated balance sheet but it is trading at a nice 15.4 times valuation. Longterm outlook is good with an aging population. The management team is executing well.
BUY
BUY
October 31, 2019
Excellent long-term hold. Hit this year. Great yield. Has been adding to her position.
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Excellent long-term hold. Hit this year. Great yield. Has been adding to her position.
BUY
BUY
October 9, 2019

Stock appreciation and dividend growth coming? It's an income stock and has been rangebound this year. In Ontario, the occupancy rate has declined (too much supply). Demand will catch up to supply eventually. They're well-positioned in a good industry driven by demographics (an aging population). There's room to grow. They gradually increase their dividend (4%).

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Stock appreciation and dividend growth coming? It's an income stock and has been rangebound this year. In Ontario, the occupancy rate has declined (too much supply). Demand will catch up to supply eventually. They're well-positioned in a good industry driven by demographics (an aging population). There's room to grow. They gradually increase their dividend (4%).

PAST TOP PICK
PAST TOP PICK
September 12, 2019
(A Top Pick Sep 11/18, Up 1%) Stock's not doing very much, buy you're getting the yield. Still likes it. Attractive space. Temporary over supply issues this year. Want to increase their occupancy rate back above 90%. Yield is 4%.
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(A Top Pick Sep 11/18, Up 1%) Stock's not doing very much, buy you're getting the yield. Still likes it. Attractive space. Temporary over supply issues this year. Want to increase their occupancy rate back above 90%. Yield is 4%.
BUY
BUY
August 27, 2019
He has owned this for a long time. Pays a nice distribution that grows 2% per year. The stock has not been rising for years likely because of an occupancy issue that is slowing working itself out. It could be bought here as you are getting paid to wait. The demographics are in its favour. Yield 4.1%
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He has owned this for a long time. Pays a nice distribution that grows 2% per year. The stock has not been rising for years likely because of an occupancy issue that is slowing working itself out. It could be bought here as you are getting paid to wait. The demographics are in its favour. Yield 4.1%
HOLD
HOLD
August 13, 2019
As a senior housing stock, you want to look at occupancy rates and cash flows. There appears to be more supply, so occupancy rates have dipped below 85%, when normally it has been above 90%. She thinks this will improve over time.
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As a senior housing stock, you want to look at occupancy rates and cash flows. There appears to be more supply, so occupancy rates have dipped below 85%, when normally it has been above 90%. She thinks this will improve over time.
BUY
BUY
June 19, 2019

Chartwell vs. Sienna for growth He likes and owns both. CSH's latest report says their operating income grew an impressive 4.7%, but Sienna's was 5.4%. CSH's and Sienna's growth are 5-5.5%. CSH has a low 64% payout ratio, but Sienna is a little cheaper at 12.7x vs. CSH's 15.6x. They're similar in many ways, but Sienna has more room for multiple expansion/upside. But CSH is slightly safer because it has a bigger cap. Both are in a good space with demographics as a tailwind.

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Chartwell vs. Sienna for growth He likes and owns both. CSH's latest report says their operating income grew an impressive 4.7%, but Sienna's was 5.4%. CSH's and Sienna's growth are 5-5.5%. CSH has a low 64% payout ratio, but Sienna is a little cheaper at 12.7x vs. CSH's 15.6x. They're similar in many ways, but Sienna has more room for multiple expansion/upside. But CSH is slightly safer because it has a bigger cap. Both are in a good space with demographics as a tailwind.

BUY
BUY
May 30, 2019
Largest in Canada. Really likes it. You need to be here for the fundamentals. Baby boomers are providing a tailwind. It is struggling. Very cheap. Trading at discount to NAV. Great time to enter.
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Largest in Canada. Really likes it. You need to be here for the fundamentals. Baby boomers are providing a tailwind. It is struggling. Very cheap. Trading at discount to NAV. Great time to enter.
BUY
BUY
May 14, 2019
An income stock with an attractive yield. The last little while has seen an overbuild in some markets, so occupancy has decreased, but she's confident this will rise from 91% to 95% in time. It's always traded at a premium vs. its peers. Aging demmographics are on their side. Good management and pipeline of projects. You'll collect a 4% yield plus a few % points. A good long-term hold.
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An income stock with an attractive yield. The last little while has seen an overbuild in some markets, so occupancy has decreased, but she's confident this will rise from 91% to 95% in time. It's always traded at a premium vs. its peers. Aging demmographics are on their side. Good management and pipeline of projects. You'll collect a 4% yield plus a few % points. A good long-term hold.
BUY WEAKNESS
BUY WEAKNESS
April 24, 2019
The retirement home space is growing in demand and this company has the market cornered. You want to be selective with how you enter the space. These interest rate sensitive stocks have all surged with the belief the interest rates may be softening. He would watch for a lower entry price.
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The retirement home space is growing in demand and this company has the market cornered. You want to be selective with how you enter the space. These interest rate sensitive stocks have all surged with the belief the interest rates may be softening. He would watch for a lower entry price.
PAST TOP PICK
PAST TOP PICK
April 10, 2019
(A Top Pick Apr 16/18, Up 3%) Has long owned this, really an income stock with a yield around 4%. She likes the aging demographic play of seniors' housing. They're the largest player in this space. They can grow by acqusition in Canada and aim for 95% occupancy (9)% now). Ontario penetration is only 5-6% of senior living in these homes--seniors are and will live longer.
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(A Top Pick Apr 16/18, Up 3%) Has long owned this, really an income stock with a yield around 4%. She likes the aging demographic play of seniors' housing. They're the largest player in this space. They can grow by acqusition in Canada and aim for 95% occupancy (9)% now). Ontario penetration is only 5-6% of senior living in these homes--seniors are and will live longer.
TOP PICK
TOP PICK
March 12, 2019
The leader in Canadian seniors housing, a fragmented sector so there's room for growth. CSH holds 10% of this market. She likes this sector for the aging demographics that will need more care. CSH has a good pipeline of projects. Occupancy is 91% and they target 95%. They have started to market their services. Top management. (Analysts’ price target is $16.65)
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The leader in Canadian seniors housing, a fragmented sector so there's room for growth. CSH holds 10% of this market. She likes this sector for the aging demographics that will need more care. CSH has a good pipeline of projects. Occupancy is 91% and they target 95%. They have started to market their services. Top management. (Analysts’ price target is $16.65)
COMMENT
COMMENT
February 13, 2019
Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
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Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
HOLD
HOLD
February 1, 2019
Good place to hide and collect the dividend. Not a growth company. Well run, the demographics are with you. Won't be an $18 stock anytime soon.
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Good place to hide and collect the dividend. Not a growth company. Well run, the demographics are with you. Won't be an $18 stock anytime soon.
BUY
BUY
January 10, 2019
Very well managed company. Attractive space. We all live longer and there will be increasing demand for what they offer. They don't do any home care that is more open to potential liability. They have a good pipeline to grow over the next couple of years with an attractive distribution yield of around 4%. This is actually a good entry point for this stock.
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Very well managed company. Attractive space. We all live longer and there will be increasing demand for what they offer. They don't do any home care that is more open to potential liability. They have a good pipeline to grow over the next couple of years with an attractive distribution yield of around 4%. This is actually a good entry point for this stock.
BUY
BUY
December 19, 2018
63% and declining payout ratio. Distribution is safe. Q3 was decent. Rising occupancy. They see NOI of $3 which translates into an AFFO growth of 7%. Quality name. Fine to own. Good to add when the waterfall stops. Other things are less expensive.
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63% and declining payout ratio. Distribution is safe. Q3 was decent. Rising occupancy. They see NOI of $3 which translates into an AFFO growth of 7%. Quality name. Fine to own. Good to add when the waterfall stops. Other things are less expensive.
PAST TOP PICK
PAST TOP PICK
December 11, 2018
(A Top Pick Dec 12/17, Down 2%) Pays over 4% yield. It slipped because of rising interest rates. They built somer supply in Ontario and Quebec, so occupancy in Ontario has temporarily slipped to 88% vs. 91% 18 months ago. The demand is definitely there to absorb these new rooms. She likes the play on aging demographics, so there'll be a growing need for seniors housing. CSH is well-positioned to grow in Canada and is the leader.
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(A Top Pick Dec 12/17, Down 2%) Pays over 4% yield. It slipped because of rising interest rates. They built somer supply in Ontario and Quebec, so occupancy in Ontario has temporarily slipped to 88% vs. 91% 18 months ago. The demand is definitely there to absorb these new rooms. She likes the play on aging demographics, so there'll be a growing need for seniors housing. CSH is well-positioned to grow in Canada and is the leader.
COMMENT
COMMENT
October 17, 2018

The market is struggling to decide what this is: a yield, a REIT, a cash flow play? The demographics are in their favour, but does this drive CSH enough or does it need an acquisition? He doesn't know. Good dividend, but he hasn't looked at CSH deeply.

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The market is struggling to decide what this is: a yield, a REIT, a cash flow play? The demographics are in their favour, but does this drive CSH enough or does it need an acquisition? He doesn't know. Good dividend, but he hasn't looked at CSH deeply.

BUY
BUY
October 10, 2018

Still likes it and has been buying it during this pullback. REITs have been pressured by rising rates, but she likes the seniors housing space. Managed well and pays an attractive 4.2% yield. A good long-term hold and would buy it here.

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Still likes it and has been buying it during this pullback. REITs have been pressured by rising rates, but she likes the seniors housing space. Managed well and pays an attractive 4.2% yield. A good long-term hold and would buy it here.

SELL
SELL
September 28, 2018

Bad news is costs elevated, more competitive pressure in retirement homes. Pricey. Balance sheet not perfect. Good news is decent growth rate, and good long-term area to be in. But much better value elsewhere. He’s trimmed to move into other areas. You have to buy things at the right price.

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Bad news is costs elevated, more competitive pressure in retirement homes. Pricey. Balance sheet not perfect. Good news is decent growth rate, and good long-term area to be in. But much better value elsewhere. He’s trimmed to move into other areas. You have to buy things at the right price.

TOP PICK
TOP PICK
September 11, 2018

This is the largest provider of senior communities. The demographics play in their favor. The 75-year-plus population is expected to double in the 20 next years, growing 3 to 4 times faster than the general population. Penetration of the seniors market is still low in Canada, so there is a lot of room for growth. 85% of their homes are private-pay rather than relying on government funding. Yield 4%. (Analysts’ price target is $16.75)

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This is the largest provider of senior communities. The demographics play in their favor. The 75-year-plus population is expected to double in the 20 next years, growing 3 to 4 times faster than the general population. Penetration of the seniors market is still low in Canada, so there is a lot of room for growth. 85% of their homes are private-pay rather than relying on government funding. Yield 4%. (Analysts’ price target is $16.75)

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Chartwell Seniors Housing(CSH.UN-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 17

Stockchase rating for Chartwell Seniors Housing is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 17 stock analysts published opinions about CSH.UN-T. 14 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 Christine Poole on 2020-03-13. 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?

17 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 2020-04-02, Chartwell Seniors Housing (CSH.UN-T) stock closed at a price of $8.58.