Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Passes Above 200 Day Moving Average of $11.58

Chartwell Retirement Residences (TSE:CSH.UN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.58 and traded as high as C$12.71. Chartwell Retirement Residences shares last traded at C$12.59, with a volume of 677,041 shares traded.

Wall Street Analysts Forecast Growth

CSH.UN has been the topic of a number of analyst reports. TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Scotiabank boosted their price objective on shares of Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, CIBC boosted their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$14.00.

Chartwell Retirement Residences Trading Up 0.2 %

The company has a current ratio of 0.45, a quick ratio of 0.07 and a debt-to-equity ratio of 258.26. The company has a 50-day simple moving average of C$12.35 and a 200 day simple moving average of C$11.58. The firm has a market cap of C$3.01 billion, a PE ratio of -48.42 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.86%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -234.62%.

Insider Activity

In other news, Director Gary Neil Whitelaw acquired 4,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$12.25 per share, for a total transaction of C$49,000.00. Insiders own 0.64% of the company’s stock.

Chartwell Retirement Residences Company Profile

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.