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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 Ratings Changes

Several analysts have weighed in on CSH.UN shares. Canaccord Genuity Group upped their target price on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a 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 stock a “buy” rating in a research note on Monday, May 11th. National Bank Financial lifted their price target on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research note on Monday, May 11th. BMO Capital Markets boosted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Raymond James Financial increased their price objective on shares of Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the company a “strong-buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Chartwell Retirement Residences has a consensus rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Stock Down 0.2%

The company has a market cap of C$7.14 billion, a PE ratio of -34,857.59 and a beta of 0.85. The firm has a 50-day simple moving average of C$22.12 and a two-hundred day simple moving average of C$21.43. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

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

Chartwell Retirement Residences Dividend Announcement

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