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

Shares of Chartwell Retirement Residences (TSE:CSH.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CSH.UN shares. Raymond James Financial raised 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 note on Monday, May 11th. TD raised 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 note on Monday, May 11th. TD Securities raised their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. ATB Cormark Capital Markets raised 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 note on Monday, March 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$25.82.

Chartwell Retirement Residences Trading Down 0.2%

The business’s 50-day moving average price is C$20.85 and its two-hundred day moving average price is C$20.76. The company has a market capitalization of C$6.73 billion, a P/E ratio of -32,848.10 and a beta of 0.82. 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 (TSE:CSH.UN) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$314.65 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. As a group, analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is currently -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.