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

Chartwell Retirement Residences (TSE:CSH.UN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.68 and traded as high as C$15.74. Chartwell Retirement Residences shares last traded at C$15.58, with a volume of 201,482 shares traded.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. CIBC raised their target price on Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities raised their target price on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Royal Bank of Canada raised their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Scotiabank raised their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Desjardins lifted their price objective on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 12th. Six 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$16.50.

Chartwell Retirement Residences Price Performance

The stock has a market cap of C$4.23 billion, a P/E ratio of -91.65 and a beta of 1.12. The company has a 50 day simple moving average of C$15.19 and a 200 day simple moving average of C$13.68. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, October 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -358.82%.

Insiders Place Their Bets

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

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.