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

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.72 and traded as high as C$22.38. Chartwell Retirement Residences shares last traded at C$22.27, with a volume of 350,044 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on CSH.UN shares. BMO Capital Markets boosted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Scotiabank boosted their target price on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Royal Bank Of Canada boosted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. ATB Cormark Capital Markets boosted their target price on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, TD Securities boosted their target price 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, March 2nd. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences has a consensus rating of “Buy” and an average target price of C$24.94.

Chartwell Retirement Residences Trading Up 1.7%

The company has a market cap of C$7.06 billion, a PE ratio of 238.23 and a beta of 0.82. The stock’s 50 day moving average is C$21.06 and its 200-day moving average is C$20.72. 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 (TSE:CSH.UN) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.02 earnings per share for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$303.73 million for the quarter. As a group, sell-side analysts anticipate that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is a positive change from Chartwell Retirement Residences’s previous monthly dividend of $0.05. The ex-dividend date is Thursday, April 30th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently 654.67%.

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.