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

Chartwell Retirement Residences (TSE:CSH.UN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.61 and traded as high as C$15.26. Chartwell Retirement Residences shares last traded at C$15.18, with a volume of 171,815 shares.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. CIBC increased their price target on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. Scotiabank raised their target price on 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. Finally, TD Securities boosted their price target on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$17.08.

Chartwell Retirement Residences Stock Down 0.2 %

The firm has a market capitalization of C$4.12 billion, a PE ratio of -89.29 and a beta of 1.12. The stock has a 50-day simple moving average of C$15.70 and a 200-day simple moving average of C$14.61. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 4.03%. The ex-dividend date was Friday, November 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -358.82%.

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.