Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Crosses Above Two Hundred Day Moving Average Following Analyst Downgrade

Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Monday after Scotiabank raised their price target on the stock from C$20.00 to C$22.00. The stock has a 200-day moving average of C$17.31 and traded as high as C$18.55. Chartwell Retirement Residences shares last traded at C$18.38, with a volume of 337,643 shares trading hands.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. TD Securities decreased their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Monday. Desjardins boosted their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada boosted their target price on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Monday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average target price of C$20.44.

Chartwell Retirement Residences Price Performance

The firm has a market cap of C$4.99 billion, a price-to-earnings ratio of -108.12 and a beta of 1.12. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The company’s 50-day moving average price is C$18.09 and its 200-day moving average price is C$17.31.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a $0.051 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) annualized dividend and a yield of 3.3%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -358.82%.

Chartwell Retirement Residences Company Profile

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.