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

Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.99 and traded as high as C$16.08. Chartwell Retirement Residences shares last traded at C$15.96, with a volume of 672,812 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Securities upped their price objective on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. National Bankshares raised their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Scotiabank boosted their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada increased their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Desjardins lifted their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Chartwell Retirement Residences has a consensus rating of “Buy” and an average price target of C$16.50.

Chartwell Retirement Residences Stock Performance

The firm has a market cap of C$4.33 billion, a PE ratio of -93.88 and a beta of 1.12. The business has a 50 day simple moving average of C$15.47 and a two-hundred day simple moving average of C$14.00. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Thursday, October 31st. Chartwell Retirement Residences’s payout ratio is presently -358.82%.

Insider Activity at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is currently owned by company insiders.

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.