Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Chartwell Retirement Residences (TSE:CSH.UN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$19.33 and traded as high as C$20.50. Chartwell Retirement Residences shares last traded at C$20.30, with a volume of 326,842 shares changing hands.

Analyst Ratings Changes

CSH.UN has been the subject of several analyst reports. TD Securities increased their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. Canaccord Genuity Group upped their target price on Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. National Bankshares increased their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Scotiabank lifted their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Finally, CIBC boosted their price objective on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$22.44.

Chartwell Retirement Residences Stock Up 0.0%

The company has a 50 day moving average of C$20.17 and a 200-day moving average of C$19.33. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The company has a market cap of C$6.17 billion, a P/E ratio of 236.78 and a beta of 0.90.

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 (EPS) for the quarter. The company had revenue of C$285.26 million for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. On average, equities analysts predict that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a $0.051 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, October 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently 713.84%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.