Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above Two Hundred 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$14.40 and traded as high as C$16.00. Chartwell Retirement Residences shares last traded at C$15.69, with a volume of 306,791 shares traded.

Analyst Upgrades and Downgrades

CSH.UN has been the topic of several analyst reports. Scotiabank lifted their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. TD Securities increased their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, CIBC upped their price objective on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$17.08.

Chartwell Retirement Residences Stock Down 1.3 %

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 firm’s 50-day moving average is C$15.66 and its 200 day moving average is C$14.41. The firm has a market capitalization of C$4.20 billion, a PE ratio of -91.12 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.61 annualized dividend and a dividend yield of 3.95%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

Insider Buying and Selling at Chartwell Retirement Residences

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

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.