Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

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$13.86 and traded as high as C$15.54. Chartwell Retirement Residences shares last traded at C$15.47, with a volume of 269,506 shares traded.

Wall Street Analyst Weigh In

CSH.UN has been the subject of a number of research reports. Scotiabank increased their price target on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. National Bankshares increased their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. CIBC increased their price target on Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities boosted their target price on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Desjardins raised their price objective on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$16.50.

Chartwell Retirement Residences Price Performance

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 firm has a market cap of C$4.20 billion, a PE ratio of -91.00 and a beta of 1.12. The stock has a 50 day moving average price of C$15.34 and a two-hundred day moving average price of C$13.86.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

Insiders Place Their Bets

In other news, Director Vlad Volodarski sold 31,872 shares of the business’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.

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.