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

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 changing hands.

Analysts Set New Price Targets

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

Chartwell Retirement Residences Stock Performance

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 firm has a market cap of C$4.33 billion, a price-to-earnings ratio of -93.88 and a beta of 1.12. The firm has a fifty day simple moving average of C$15.47 and a two-hundred day simple moving average of C$14.00.

Chartwell Retirement Residences Announces Dividend

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

Insiders Place Their Bets

In related news, Director Vlad Volodarski sold 31,872 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total value of C$502,627.81. Corporate insiders own 0.55% of the company’s stock.

About Chartwell Retirement Residences

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.