Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$20.92 and traded as high as C$22.79. Chartwell Retirement Residences shares last traded at C$22.58, with a volume of 325,199 shares trading hands.

Analyst Ratings Changes

CSH.UN has been the topic of several research reports. Scotiabank upped their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. TD lifted their target price on 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. Desjardins boosted their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, May 11th. 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. Finally, BMO Capital Markets upped their price target on 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. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, Chartwell Retirement Residences presently has an average rating of “Buy” and a consensus price target of C$25.82.

Chartwell Retirement Residences Price Performance

The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The company’s fifty day moving average price is C$21.06 and its 200 day moving average price is C$20.92. The firm has a market capitalization of C$7.32 billion, a price-to-earnings ratio of -35,727.85 and a beta of 0.92.

Chartwell Retirement Residences (TSE:CSH.UN) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The firm had revenue of C$314.65 million for the quarter. Equities research analysts expect that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 29th. Chartwell Retirement Residences’s dividend payout ratio is presently -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.