Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.74 and traded as high as C$16.53. Chartwell Retirement Residences shares last traded at C$16.44, with a volume of 819,583 shares trading hands.

Wall Street Analysts Forecast Growth

CSH.UN has been the topic of several recent analyst reports. TD Securities increased their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. CIBC increased their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research report on Monday, March 3rd. Finally, BMO Capital Markets boosted their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences has a consensus rating of “Buy” and an average target price of C$17.64.

Chartwell Retirement Residences Stock Up 0.4 %

The company has a market cap of C$4.46 billion, a P/E ratio of -96.71 and a beta of 1.12. 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 business’s fifty day moving average is C$16.33 and its two-hundred day moving average is C$15.74.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, February 28th. Chartwell Retirement Residences’s dividend payout ratio is presently -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.