Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.61 and traded as high as C$15.26. Chartwell Retirement Residences shares last traded at C$15.18, with a volume of 171,815 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CSH.UN shares. CIBC increased their price target on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. TD Securities boosted their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Scotiabank increased their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$17.08.

Chartwell Retirement Residences Stock Performance

The stock has a market cap of C$4.12 billion, a price-to-earnings ratio of -89.29 and a beta of 1.12. The company’s fifty day simple moving average is C$15.70 and its two-hundred day simple moving average is C$14.61. 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 Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.051 per share. The ex-dividend date was Friday, November 29th. This represents a $0.61 dividend on an annualized basis and a yield of 4.03%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -358.82%.

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.