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

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.43 and traded as high as C$22.13. Chartwell Retirement Residences shares last traded at C$22.03, with a volume of 475,937 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on CSH.UN. Desjardins boosted their price target on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada lifted their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. TD boosted 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 report on Monday, May 11th. National Bank Financial upped their target price on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Raymond James Financial raised their price target on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the company a “strong-buy” rating in a report on Monday, May 11th. One equities research 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.com, the company has a consensus rating of “Buy” and a consensus price target of C$25.82.

Chartwell Retirement Residences Stock Down 2.8%

The stock’s fifty day moving average price is C$22.15 and its 200 day moving average price is C$21.43. 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 stock has a market cap of C$6.94 billion, a P/E ratio of -33,892.41 and a beta of 0.85.

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

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.052 per share. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 2.9%. Chartwell Retirement Residences’s dividend payout ratio is -96,993.67%.

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.