Chartwell Retirement Residences (TSE:CSH.UN) Share Price Passes Above Two Hundred 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 Monday . The stock has a 200-day moving average of C$21.15 and traded as high as C$23.19. Chartwell Retirement Residences shares last traded at C$22.95, with a volume of 201,406 shares traded.

Wall Street Analyst Weigh In

CSH.UN has been the topic of a number of recent research reports. Raymond James Financial upped their target price on shares of 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. Canaccord Genuity Group lifted their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD boosted their price objective 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 upped their price objective on shares of 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. Finally, Desjardins raised their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Stock Performance

The firm has a market cap of C$7.44 billion, a PE ratio of -36,313.29 and a beta of 0.86. The stock has a 50-day moving average price of C$21.52 and a 200 day moving average price of C$21.15. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences (TSE:CSH.UN) last released 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. Research analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. Chartwell Retirement Residences’s dividend payout ratio 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.