Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$21.22 and traded as low as C$19.49. Chartwell Retirement Residences shares last traded at C$19.82, with a volume of 751,986 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets reduced their price target on shares of Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$25.77.

Chartwell Retirement Residences Stock Performance

The business has a fifty day moving average price of C$20.85 and a two-hundred day moving average price of C$21.21. 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$6.38 billion, a PE ratio of 1,050.19 and a beta of 0.88.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its quarterly earnings data on Thursday, August 6th. The company reported C($0.00) earnings per share (EPS) for the quarter. The firm had revenue of C$336.74 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a $0.0520 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, July 31st. Chartwell Retirement Residences’s dividend payout ratio is currently 3,327.75%.

Chartwell Retirement Residences Company Profile

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.