Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

CSH.UN has been the topic of several research reports. 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 report on Monday, March 2nd. ATB Cormark Capital Markets boosted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Raymond James Financial boosted 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 report on Monday, May 11th. National Bank Financial boosted their price objective on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, TD boosted their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and a consensus price target of C$25.82.

Chartwell Retirement Residences Stock Down 0.2%

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’s 50 day simple moving average is C$20.85 and its 200-day simple moving average is C$20.76. The stock has a market capitalization of C$6.73 billion, a price-to-earnings ratio of -32,848.10 and a beta of 0.82.

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

Chartwell Retirement Residences Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a $0.052 dividend. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 29th. Chartwell Retirement Residences’s payout ratio is presently -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.