Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Passes Above 200 Day Moving Average of $11.58

Chartwell Retirement Residences (TSE:CSH.UN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.58 and traded as high as C$12.71. Chartwell Retirement Residences shares last traded at C$12.59, with a volume of 677,041 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Scotiabank raised their target price 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. TD Securities raised their target price 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, CIBC raised their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 in a research report on Monday, March 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$14.00.

Chartwell Retirement Residences Stock Up 0.2 %

The company has a current ratio of 0.45, a quick ratio of 0.07 and a debt-to-equity ratio of 258.26. The firm has a market capitalization of C$3.01 billion, a price-to-earnings ratio of -48.42 and a beta of 1.12. The stock has a fifty day moving average of C$12.35 and a 200-day moving average of C$11.58.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Monday, April 29th. Chartwell Retirement Residences’s payout ratio is -234.62%.

Insider Buying and Selling

In related news, Director Gary Neil Whitelaw bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of C$12.25 per share, for a total transaction of C$49,000.00. Insiders own 0.64% of the company’s stock.

Chartwell Retirement Residences Company Profile

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.