Chartwell Retirement Residences (TSE:CSH.UN) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.78 and traded as high as C$20.97. Chartwell Retirement Residences shares last traded at C$20.73, with a volume of 499,781 shares changing hands.

Analyst Upgrades and Downgrades

CSH.UN has been the subject of several research analyst reports. National Bank Financial increased their target price on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a research note on Monday, May 11th. TD Securities increased their target price on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada increased their target price 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. Raymond James Financial upped 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 research report on Monday, May 11th. Finally, ATB Cormark Capital Markets upped their price target on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an “outperform” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Stock Performance

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 company has a 50-day moving average of C$20.82 and a 200-day moving average of C$20.78. The firm has a market capitalization of C$6.72 billion, a price-to-earnings ratio of -32,800.63 and a beta of 0.92.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The firm had revenue of C$314.65 million for the quarter. On average, equities 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 business also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a $0.052 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 3.0%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -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.