Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.99 and traded as high as C$20.19. Chartwell Retirement Residences shares last traded at C$20.01, with a volume of 257,567 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CSH.UN shares. Desjardins increased their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Monday, August 11th. TD Securities boosted their price objective on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. CIBC upped their target price on Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. Royal Bank Of Canada lifted their price target on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Finally, Scotiabank boosted their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences presently has an average rating of “Buy” and a consensus target price of C$22.44.

Chartwell Retirement Residences Stock Up 0.1%

The stock’s 50-day moving average price is C$20.19 and its 200-day moving average price is C$18.99. 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 stock has a market cap of C$6.08 billion, a price-to-earnings ratio of 233.40 and a beta of 0.86.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The firm had revenue of C$285.26 million for the quarter. On average, sell-side analysts expect that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a $0.051 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 3.1%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is 713.84%.

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.