Chartwell Seniors Housing (CSH.UN-T) Stock Predictions - Stockchase
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Chartwell Seniors Housing (CSH.UN-T)

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Chartwell Seniors Housing

CSH.UN-T

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Chartwell Seniors Housing (CSH.UN-T) SAVE Jan, 23, 2019, 2:59 am

14.77 0.06 (0.41%)

About Chartwell Seniors Housing (CSH.UN-T)

Chartwell Retirement Residences is the largest participant in the Canadian seniors housing sector, with nearly 180 locations across Quebec, Ontario, Alberta, and British Columbia. More at Wikipedia

What the experts are saying about CSH.UN-T



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COMMENT

Had owned this last year, and conceptually had liked where they were placed because of aging population. Did a great sale of their US assets. He has trouble with the valuation, where it is basically trading at 14-15X operating cash flow. A lot of that is based on capitalization rates they use in real estate. Because interest rates are low, capitalization rates are low. Wouldn’t worry about the safety of the payout, but to him, it is a high valuation. He would rather take more of a gamble and buy some of the distressed players like Artis Real Estate Investment Trust (AX.UN-T) that has a 9% yield. This one has a dividend yield of 3.9%.

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Had owned this last year, and conceptually had liked where they were placed because of aging population. Did a great sale of their US assets. He has trouble with the valuation, where it is basically trading at 14-15X operating cash flow. A lot of that is based on capitalization rates they use in real estate. Because interest rates are low, capitalization rates are low. Wouldn’t worry about the safety of the payout, but to him, it is a high valuation. He would rather take more of a gamble and buy some of the distressed players like Artis Real Estate Investment Trust (AX.UN-T) that has a 9% yield. This one has a dividend yield of 3.9%.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$14.170
Owned Owned
No

HOLD

Likes this company. There is good secular growth that underpins the sector, i.e. that the number of people over age 65 is going to double within the next 25 years, which obviously creates more demand for retirement residences and facilities. This is one of the biggest providers in Canada, and do a fantastic job when it comes to managing expenses. If you own, you could consider taking a little money off the table, but it is a good, long term hold.

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Likes this company. There is good secular growth that underpins the sector, i.e. that the number of people over age 65 is going to double within the next 25 years, which obviously creates more demand for retirement residences and facilities. This is one of the biggest providers in Canada, and do a fantastic job when it comes to managing expenses. If you own, you could consider taking a little money off the table, but it is a good, long term hold.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$14.220
Owned Owned
Yes

PAST TOP PICK

(Top Pick Oct 6/15, Up 13.54%) He likes the REIT space and the healthcare space, but wanted to stay away from the Pharma space.  This one was an outperformer compared to its peers.  Stay with it.

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(Top Pick Oct 6/15, Up 13.54%) He likes the REIT space and the healthcare space, but wanted to stay away from the Pharma space.  This one was an outperformer compared to its peers.  Stay with it.

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Bill Carrigan

Technical , Getting Technical In...

Price Price
$13.700
Owned Owned
Yes

HOLD

Owns some of their convertible debentures, which will eventually become stock. Thinks it is going to be a little more difficult to repeat their success going forward. They will make small tuck-in acquisitions where they can, and you will get the dividend plus a tiny bit of growth. Valuations are relatively fair right now.

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Owns some of their convertible debentures, which will eventually become stock. Thinks it is going to be a little more difficult to repeat their success going forward. They will make small tuck-in acquisitions where they can, and you will get the dividend plus a tiny bit of growth. Valuations are relatively fair right now.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$13.850
Owned Owned
Yes

PAST TOP PICK

(Top Pick Mar 12/15, Up 16.21%) They refocused into Canada and are starting to raise their dividend.  She likes the outlook for senior’s housing.  Penetration is very low in the industry.  Their occupancy is increasing and has further to go.  The cash from the US assets is being used in Canada now for growth and acquisitions.

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(Top Pick Mar 12/15, Up 16.21%) They refocused into Canada and are starting to raise their dividend.  She likes the outlook for senior’s housing.  Penetration is very low in the industry.  Their occupancy is increasing and has further to go.  The cash from the US assets is being used in Canada now for growth and acquisitions.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$13.440
Owned Owned
Yes

COMMENT

The sector is rather strange because of a transforming acquisition by Ontario Teachers on Amica, which messed up all valuations on these retirement investments. Sold their US assets and are now totally located in Canada. The largest provider of seniors housing. Have done a good job of curtailing costs and have grown through acquisitions. They only pay out about 70% of their Net Operating Income. They are in a good spot to execute further, as well as a possible distribution increase. The sector is still somewhat expensive.

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The sector is rather strange because of a transforming acquisition by Ontario Teachers on Amica, which messed up all valuations on these retirement investments. Sold their US assets and are now totally located in Canada. The largest provider of seniors housing. Have done a good job of curtailing costs and have grown through acquisitions. They only pay out about 70% of their Net Operating Income. They are in a good spot to execute further, as well as a possible distribution increase. The sector is still somewhat expensive.

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$12.350
Owned Owned
No

BUY

It is a pretty good long term hold.  4.5% yield and it is off the recent highs.  The payout is about 80% which leaves room for error or dividend increases.  They have promised another dividend increase.  Their occupancy rates are historically low so there is room for improvement there.  The retirement business is a tough business with low margins, but there is no shortage of potential clients, who are getting peak value for their homes as they move out of them.  He would buy at these levels.

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It is a pretty good long term hold.  4.5% yield and it is off the recent highs.  The payout is about 80% which leaves room for error or dividend increases.  They have promised another dividend increase.  Their occupancy rates are historically low so there is room for improvement there.  The retirement business is a tough business with low margins, but there is no shortage of potential clients, who are getting peak value for their homes as they move out of them.  He would buy at these levels.

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Don Lato

President, Padlock Investment M...

Price Price
$12.500
Owned Owned
Unknown

COMMENT

Extendicare (EXE-T) or Chartwell (CSH.UN-T)? This has a higher percentage of independent living and would be his preference. It has slimmed-down and is more of a Canadian focused retirement play right now. He likes it when there is a mix of assisted independent and full government support.

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Extendicare (EXE-T) or Chartwell (CSH.UN-T)? This has a higher percentage of independent living and would be his preference. It has slimmed-down and is more of a Canadian focused retirement play right now. He likes it when there is a mix of assisted independent and full government support.

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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$12.490
Owned Owned
Unknown

COMMENT

Has reduced his holdings in REITs, but when you look at Canada he doesn’t think interest rates are going to go up soon, they are definitely going to stay where they are. Because of that, REITs should have a good level of support here. He is cautious because of the housing market. His company has a $14 target on this.

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Has reduced his holdings in REITs, but when you look at Canada he doesn’t think interest rates are going to go up soon, they are definitely going to stay where they are. Because of that, REITs should have a good level of support here. He is cautious because of the housing market. His company has a $14 target on this.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$12.490
Owned Owned
No

BUY

Has owned this for a number of years. The stock has pulled back and this is a good opportunity to pick it up. In 20 years, 1 out of 4 persons are going to be over the age of 65. As we live longer, the demand for seniors housing really kicks in. Longevity is increasing. This company is very well positioned. They sold off their US operations, and refocused on Canada. Dividend is attractive at 4.5%.

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Has owned this for a number of years. The stock has pulled back and this is a good opportunity to pick it up. In 20 years, 1 out of 4 persons are going to be over the age of 65. As we live longer, the demand for seniors housing really kicks in. Longevity is increasing. This company is very well positioned. They sold off their US operations, and refocused on Canada. Dividend is attractive at 4.5%.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$12.350
Owned Owned
Yes

BUY

A sector he likes, but has not gone into.  Everyone recognizes the demographic imperative.  We have more people over 65 than under 14 for the first time in history.  The evidence is that they can make money and these guys are one of the better operators.  It is more like a hotel than an apartment building in that there is high staffing.

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A sector he likes, but has not gone into.  Everyone recognizes the demographic imperative.  We have more people over 65 than under 14 for the first time in history.  The evidence is that they can make money and these guys are one of the better operators.  It is more like a hotel than an apartment building in that there is high staffing.

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David Baskin

President, Baskin Wealth Manage...

Price Price
$12.800
Owned Owned
Unknown

BUY

They have been a problem for so many years.  They blew their brains out trying to get into the US.  But now, since they sold those assets, they lowered their debt and own good assets now.  Retirement residences are better than nursing homes. 

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They have been a problem for so many years.  They blew their brains out trying to get into the US.  But now, since they sold those assets, they lowered their debt and own good assets now.  Retirement residences are better than nursing homes. 

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$12.800
Owned Owned
Unknown

BUY

He looks at financials and meets with management as well as visiting facilities.  It is especially important with seniors’ housing because it is so operationally intensive.  It is important that the properties are as fully leased as possible.  You have to assess demand and supply of real estate.  It has been very hard for them to push occupancy over 90% but they have finally done it.  In the future the demand will increase.  The payout ratio and the balance sheet are reasonable.  They could buy back stock or make acquisitions.  There is a speculation they could get a bid from a US buyer.  He is comfortable buying it here.

property mngmnt/investment
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He looks at financials and meets with management as well as visiting facilities.  It is especially important with seniors’ housing because it is so operationally intensive.  It is important that the properties are as fully leased as possible.  You have to assess demand and supply of real estate.  It has been very hard for them to push occupancy over 90% but they have finally done it.  In the future the demand will increase.  The payout ratio and the balance sheet are reasonable.  They could buy back stock or make acquisitions.  There is a speculation they could get a bid from a US buyer.  He is comfortable buying it here.

property mngmnt/investment
0 0 0 0 0
0 comments
Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$12.810
Owned Owned
Unknown

COMMENT

Has often used this as a core holding. Their market focus is on seniors’ retirement homes. They are able to provide an excellent service and are excellent operators, but also combine that with real estate expertise and development. He wants to continue to be invested in this for a long time. 4.3% dividend yield.

property mngmnt/investment
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Has often used this as a core holding. Their market focus is on seniors’ retirement homes. They are able to provide an excellent service and are excellent operators, but also combine that with real estate expertise and development. He wants to continue to be invested in this for a long time. 4.3% dividend yield.

property mngmnt/investment
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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$12.910
Owned Owned
Yes

PAST TOP PICK

(Top Pick Dec 9/14, Up 14.23%) She continues to like it.  They were quick to re-deploy their capital from selling off US holdings.  People are living longer, increasing demand.

property mngmnt/investment
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(Top Pick Dec 9/14, Up 14.23%) She continues to like it.  They were quick to re-deploy their capital from selling off US holdings.  People are living longer, increasing demand.

property mngmnt/investment
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$12.810
Owned Owned
Yes

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