Chartwell Retirement Residences (TSE:CSH.UN) Shares Cross Below 200 Day Moving Average – What’s Next?

Chartwell Retirement Residences (TSE:CSH.UN) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$21.15 and traded as low as C$20.91. Chartwell Retirement Residences shares last traded at C$21.09, with a volume of 583,381 shares.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets cut their price objective on Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$26.15.

Chartwell Retirement Residences Stock Performance

The business has a fifty day simple moving average of C$20.49 and a 200-day simple moving average of C$21.15. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The firm has a market cap of C$6.91 billion, a P/E ratio of 53.59 and a beta of 0.88.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its earnings results on Thursday, November 5th. The company reported C$0.35 EPS for the quarter. The firm had revenue of C$347.27 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, sell-side analysts predict that Chartwell Retirement Residences will post 0.12 EPS for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a dividend of $0.0520 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.62 annualized dividend and a yield of 3.0%. Chartwell Retirement Residences’s payout ratio is presently 157.96%.

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 over 30,000 residents in four provinces across the country.