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

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$20.29 and traded as high as C$21.67. Chartwell Retirement Residences shares last traded at C$21.50, with a volume of 563,397 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CSH.UN shares. Royal Bank Of Canada increased their target price on shares of Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Canaccord Genuity Group upped their price objective on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Desjardins increased their price objective on shares of Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. BMO Capital Markets raised their target price on Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, Scotiabank boosted their target price on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$24.94.

Chartwell Retirement Residences Stock Up 1.7%

The firm has a market cap of C$6.53 billion, a P/E ratio of 222.18 and a beta of 0.73. The stock’s 50 day simple moving average is C$21.12 and its 200 day simple moving average is C$20.29. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, February 27th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently 632.43%.

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.