Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.60 and traded as high as C$20.95. Chartwell Retirement Residences shares last traded at C$20.57, with a volume of 327,115 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSH.UN. CIBC boosted their target price on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. TD Securities raised their price objective on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. Canaccord Genuity Group boosted their price objective on Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. Scotiabank increased their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Finally, National Bankshares lifted their price target on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$22.44.

Chartwell Retirement Residences Trading Down 1.2%

The stock has a market capitalization of C$6.25 billion, a PE ratio of 239.93 and a beta of 0.90. The firm has a 50 day moving average price of C$20.38 and a 200 day moving average price of C$19.60. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$285.26 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Equities analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a $0.051 dividend. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. Chartwell Retirement Residences’s dividend payout ratio is currently 713.84%.

About Chartwell Retirement Residences

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. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.