Chartwell Retirement Residences (TSE:CSH.UN) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.68 and traded as high as C$15.74. Chartwell Retirement Residences shares last traded at C$15.58, with a volume of 201,482 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CSH.UN shares. TD Securities lifted their price objective on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Scotiabank lifted their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. National Bankshares increased their price objective on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Desjardins lifted their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$16.50.

Chartwell Retirement Residences Price Performance

The business’s 50 day moving average price is C$15.19 and its 200-day moving average price is C$13.69. 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 company has a market cap of C$4.23 billion, a PE ratio of -91.65 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be issued a $0.051 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.61 dividend on an annualized basis and a yield of 3.93%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

Insider Buying and Selling at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is currently owned by corporate insiders.

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.