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

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.40 and traded as high as C$16.00. Chartwell Retirement Residences shares last traded at C$15.69, with a volume of 306,791 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSH.UN. Scotiabank boosted their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. CIBC boosted their price target on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Finally, TD Securities raised their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$17.08.

Chartwell Retirement Residences Trading Down 1.3 %

The firm has a fifty day moving average of C$15.66 and a 200-day moving average of C$14.41. 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 stock has a market capitalization of C$4.20 billion, a price-to-earnings ratio of -91.12 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a $0.051 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.95%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -358.82%.

Insider Buying and Selling

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. 0.55% of the stock is currently owned by corporate insiders.

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.