Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.43 and traded as high as C$22.13. Chartwell Retirement Residences shares last traded at C$22.03, with a volume of 475,937 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSH.UN. Canaccord Genuity Group increased their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD lifted their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, May 11th. 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. Raymond James Financial increased their target price on 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. Finally, National Bank Financial raised their price target on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Stock Performance

The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market capitalization of C$7.14 billion, a price-to-earnings ratio of -34,857.59 and a beta of 0.85. The stock’s 50 day moving average price is C$22.12 and its two-hundred day moving average price is C$21.43.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its quarterly earnings results on Thursday, August 6th. The company reported C($0.00) earnings per share (EPS) for the quarter. The business had revenue of C$336.74 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a $0.052 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.8%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -96,993.67%.

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. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.