Chartwell Retirement Residences (TSE:CSH.UN) Shares Pass Above 200-Day Moving Average – Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$21.26 and traded as high as C$22.90. Chartwell Retirement Residences shares last traded at C$22.67, with a volume of 187,159 shares.

Analyst Ratings Changes

A number of research analysts have weighed in on CSH.UN shares. Raymond James Financial lifted their price target 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 report on Monday, May 11th. Canaccord Genuity Group increased their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. TD raised their target price 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. Royal Bank Of Canada lifted their target price on shares of 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, National Bank Financial upped their price target on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, Chartwell Retirement Residences currently has an average rating of “Buy” and a consensus price target of C$25.82.

Chartwell Retirement Residences Stock Performance

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 stock has a fifty day simple moving average of C$21.70 and a two-hundred day simple moving average of C$21.28. The stock has a market cap of C$7.22 billion, a PE ratio of -35,253.16 and a beta of 0.86.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) 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%. Equities analysts anticipate that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 2.8%. Chartwell Retirement Residences’s payout ratio is -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.