Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Crosses Above Two Hundred Day Moving Average Following Analyst Downgrade

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price passed above its 200-day moving average during trading on Monday after Scotiabank raised their price target on the stock from C$20.00 to C$22.00. The stock has a 200-day moving average of C$17.31 and traded as high as C$18.55. Chartwell Retirement Residences shares last traded at C$18.38, with a volume of 337,643 shares trading hands.

Several other analysts have also recently weighed in on CSH.UN. TD Securities reduced their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Monday. Desjardins raised their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada raised their target price on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Monday. Finally, BMO Capital Markets increased their price target on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences has an average rating of “Buy” and a consensus target price of C$20.44.

Chartwell Retirement Residences Trading Down 0.1%

The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The firm has a market capitalization of C$4.99 billion, a PE ratio of -108.12 and a beta of 1.12. The business’s 50-day moving average price is C$18.09 and its 200-day moving average price is C$17.31.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.051 per share. The ex-dividend date is Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -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.