Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above 200 Day Moving Average of $11.70

Shares of Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.70 and traded as high as C$12.80. Chartwell Retirement Residences shares last traded at C$12.78, with a volume of 243,260 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSH.UN shares. TD Securities boosted their price objective on shares of 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. CIBC lifted their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Finally, Scotiabank lifted their target price on shares of Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$14.00.

Chartwell Retirement Residences Stock Performance

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 business’s 50 day moving average is C$12.40 and its two-hundred day moving average is C$11.70. The company has a market cap of C$3.05 billion, a PE ratio of -49.15 and a beta of 1.13.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, April 29th. Chartwell Retirement Residences’s payout ratio is currently -234.62%.

Insiders Place Their Bets

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

About Chartwell Retirement Residences

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.