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

Chartwell Retirement Residences (TSE:CSH.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.76 and traded as high as C$21.11. Chartwell Retirement Residences shares last traded at C$20.76, with a volume of 228,057 shares trading hands.

Wall Street Analyst Weigh In

CSH.UN has been the subject of several recent research reports. BMO Capital Markets lifted their price target 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, May 11th. TD lifted their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Scotiabank boosted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Royal Bank Of Canada boosted their target price on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Raymond James Financial boosted their price target on shares of Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a “strong-buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Price Performance

The stock has a market capitalization of C$6.75 billion, a PE ratio of -32,943.04 and a beta of 0.82. The business has a fifty day moving average price of C$20.85 and a 200-day moving average price of C$20.76. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$314.65 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Research analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.052 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, May 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -96,993.67%.

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.