Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above Two Hundred Day Moving Average of $9.38

Chartwell Retirement Residences (TSE:CSH.UN – Get Rating)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.38 and traded as high as C$9.98. Chartwell Retirement Residences shares last traded at C$9.95, with a volume of 820,915 shares.

Wall Street Analyst Weigh In

CSH.UN has been the topic of a number of recent research reports. CIBC dropped their target price on Chartwell Retirement Residences from C$14.25 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, November 11th. Scotiabank raised their price objective on Chartwell Retirement Residences from C$10.00 to C$11.00 in a research note on Tuesday, January 17th. TD Securities reduced their target price on shares of Chartwell Retirement Residences from C$11.50 to C$11.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Royal Bank of Canada dropped their price target on shares of Chartwell Retirement Residences from C$13.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Monday, November 14th. Finally, National Bankshares reduced their price objective on shares of Chartwell Retirement Residences from C$13.00 to C$11.00 in a research report on Monday, October 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$11.40.

Chartwell Retirement Residences Price Performance

The stock has a market cap of C$2.29 billion and a P/E ratio of 331.67. The business has a 50 day simple moving average of C$8.47 and a 200-day simple moving average of C$9.38. The company has a debt-to-equity ratio of 318.17, a quick ratio of 0.07 and a current ratio of 0.54.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Monday, January 30th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently 2,040.00%.

Insider Buying and Selling

In related news, Director Sharon Sallows bought 10,000 shares of the company’s stock in a transaction on Friday, November 11th. The shares were purchased at an average cost of C$8.64 per share, for a total transaction of C$86,400.00. Following the completion of the purchase, the director now directly owns 23,749 shares in the company, valued at C$205,191.36.

About Chartwell Retirement Residences

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Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.