Chartwell Retirement Residences (TSE:CSH.UN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.90 and traded as high as C$16.40. Chartwell Retirement Residences shares last traded at C$15.63, with a volume of 563,630 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSH.UN. BMO Capital Markets raised their price target on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday, March 3rd. TD Securities boosted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Canaccord Genuity Group set a C$20.50 target price on shares of Chartwell Retirement Residences and gave the company a “buy” rating in a research note on Thursday, April 3rd. Finally, CIBC lifted their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$18.00.

Chartwell Retirement Residences Stock Performance

The stock’s 50-day moving average price is C$16.57 and its 200-day moving average price is C$15.90. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The company has a market capitalization of C$4.24 billion, a P/E ratio of -91.94 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a $0.051 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.61 dividend on an annualized basis and a yield of 3.92%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.