Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Chartwell Retirement Residences (TSE:CSH.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.15 and traded as high as C$23.19. Chartwell Retirement Residences shares last traded at C$22.95, with a volume of 201,406 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSH.UN shares. BMO Capital Markets raised their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. TD upped their price target on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada increased their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. National Bank Financial raised their price objective on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Raymond James Financial lifted their target price on shares of Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a “strong-buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$25.82.

Chartwell Retirement Residences Trading Down 0.1%

The firm has a 50 day simple moving average of C$21.53 and a 200 day simple moving average of C$21.17. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market capitalization of C$7.40 billion, a PE ratio of -36,091.77 and a beta of 0.86.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$314.65 million during the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. Equities analysts expect that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.052 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, July 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -96,993.67%.

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.