Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.99 and traded as high as C$20.19. Chartwell Retirement Residences shares last traded at C$20.01, with a volume of 257,567 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on CSH.UN. Canaccord Genuity Group lifted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a research note on Monday, November 10th. TD Securities lifted their price target on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. CIBC upped their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. National Bankshares raised their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Scotiabank boosted their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 in a research report on Monday, November 10th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$22.44.

Chartwell Retirement Residences Stock Up 0.1%

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 company has a market cap of C$6.08 billion, a price-to-earnings ratio of 233.40 and a beta of 0.86. The stock’s fifty day moving average is C$20.19 and its two-hundred day moving average is C$18.99.

Chartwell Retirement Residences (TSE:CSH.UN) last released its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$285.26 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Sell-side analysts predict that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a dividend of $0.051 per share. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a yield of 3.1%. Chartwell Retirement Residences’s dividend payout ratio is 713.84%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.