Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$20.92 and traded as high as C$22.79. Chartwell Retirement Residences shares last traded at C$22.58, with a volume of 325,199 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets lifted 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 report on Monday, May 11th. TD increased their target price on 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. Royal Bank Of Canada lifted their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, TD Securities boosted their price target on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, Chartwell Retirement Residences has an average rating of “Buy” and a consensus price target of C$25.82.

Chartwell Retirement Residences Trading Down 1.0%

The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The company has a 50 day moving average price of C$21.08 and a 200 day moving average price of C$20.93. The firm has a market cap of C$7.25 billion, a price-to-earnings ratio of -35,363.92 and a beta of 0.92.

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

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -96,993.67%.

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 approximately 25,000 residents in four provinces across the country.