Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Chartwell Retirement Residences (TSE:CSH.UN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.84 and traded as high as C$21.25. Chartwell Retirement Residences shares last traded at C$21.09, with a volume of 445,135 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Desjardins raised their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Canaccord Genuity Group boosted their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. TD increased their target price on 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. ATB Cormark Capital Markets raised their target price on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an “outperform” rating in a report on Monday, March 2nd. Finally, National Bank Financial raised their target price on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Stock Performance

The stock has a market capitalization of C$6.98 billion, a PE ratio of -34,066.46 and a beta of 0.92. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm’s 50 day moving average is C$20.96 and its two-hundred day moving average is C$20.85.

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

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.052 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.9%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -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.