Chartwell Retirement Residences (TSE:CSH.UN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Chartwell Retirement Residences (TSE:CSH.UN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.43 and traded as high as C$21.52. Chartwell Retirement Residences shares last traded at C$21.20, with a volume of 342,221 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. ATB Cormark Capital Markets increased their target price on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Royal Bank Of Canada raised their price target on shares of Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Canaccord Genuity Group lifted their price target on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences presently has an average rating of “Buy” and a consensus price target of C$24.94.

Chartwell Retirement Residences Price Performance

The stock has a market cap of C$6.72 billion, a price-to-earnings ratio of 226.78 and a beta of 0.73. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The stock’s 50 day simple moving average is C$21.26 and its two-hundred day simple moving average is C$20.43.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$303.73 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were given a $0.051 dividend. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 27th. Chartwell Retirement Residences’s dividend payout ratio is 654.67%.

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.