Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

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$16.33 and traded as high as C$18.14. Chartwell Retirement Residences shares last traded at C$17.99, with a volume of 93,092 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. CIBC raised their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd. TD Securities raised their price target on Chartwell Retirement Residences from C$20.00 to C$21.00 in a research note on Monday, May 12th. BMO Capital Markets raised their price target on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. Finally, Canaccord Genuity Group set a C$20.50 target price on Chartwell Retirement Residences and gave the company a “buy” rating in a research report on Thursday, April 3rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$18.38.

Chartwell Retirement Residences Stock Down 0.1%

The company has a market cap of C$4.88 billion, a price-to-earnings ratio of -105.82 and a beta of 1.12. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The business has a fifty day moving average of C$17.02 and a two-hundred day moving average of C$16.33.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.051 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.61 dividend on an annualized basis and a yield of 3.40%. Chartwell Retirement Residences’s payout ratio is -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.