Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Chartwell Retirement Residences (TSE:CSH.UN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.84 and traded as high as C$21.25. Chartwell Retirement Residences shares last traded at C$21.09, with a volume of 445,135 shares trading hands.

Analyst Ratings Changes

CSH.UN has been the subject of a number of analyst reports. Raymond James Financial raised their price objective on shares of 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. Desjardins raised 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. TD Securities raised 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. BMO Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, TD raised 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. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Trading Down 0.2%

The firm has a market capitalization of C$6.84 billion, a P/E ratio of -33,370.25 and a beta of 0.92. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The firm’s 50-day simple moving average is C$20.96 and its 200-day simple moving average is C$20.84.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$314.65 million during the quarter. Analysts anticipate that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.052 per share. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 3.0%. Chartwell Retirement Residences’s payout ratio is presently -96,993.67%.

Chartwell Retirement Residences Company Profile

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.