Chartwell Retirement Residences (TSE:CSH.UN) Shares Cross 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 Thursday . The stock has a two hundred day moving average of C$18.30 and traded as high as C$20.97. Chartwell Retirement Residences shares last traded at C$20.97, with a volume of 210,567 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. National Bankshares upped their target price on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Scotiabank upped their target price on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research report on Monday, August 11th. TD Securities dropped their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Desjardins upped their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada upped their price target on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$21.44.

Chartwell Retirement Residences Trading Up 0.6%

The company has a market cap of C$6.07 billion, a PE ratio of 107.37 and a beta of 0.67. The stock’s 50 day moving average is C$19.35 and its 200-day moving average is C$18.30. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.9%. Chartwell Retirement Residences’s dividend payout ratio is currently 313.36%.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.