Chartwell Retirement Residences (TSE:CSH.UN) Share Price Passes Above 200 Day Moving Average of $11.33

Chartwell Retirement Residences (TSE:CSH.UNGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.33 and traded as high as C$12.30. Chartwell Retirement Residences shares last traded at C$12.10, with a volume of 355,026 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. CIBC upped their price target on Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. TD Securities upped their price target on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Finally, Scotiabank upped their price target on Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Chartwell Retirement Residences currently has an average rating of “Buy” and an average price target of C$14.00.

Read Our Latest Analysis on CSH.UN

Chartwell Retirement Residences Stock Performance

The company has a market cap of C$2.89 billion, a P/E ratio of -46.54 and a beta of 1.12. The firm has a 50 day moving average price of C$12.15 and a 200-day moving average price of C$11.33. The company has a debt-to-equity ratio of 258.26, a quick ratio of 0.07 and a current ratio of 0.45.

Chartwell Retirement Residences Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be issued a dividend of $0.051 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.61 dividend on an annualized basis and a yield of 5.06%. Chartwell Retirement Residences’s dividend payout ratio is -234.62%.

Insider Activity at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Gary Neil Whitelaw purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of C$12.25 per share, with a total value of C$49,000.00. Insiders own 0.64% of the company’s stock.

About Chartwell Retirement Residences

(Get Free Report)

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.

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