Chartwell Retirement Residences (TSE:CSH.UN) Stock Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Chartwell Retirement Residences (TSE:CSH.UN) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$21.15 and traded as low as C$20.91. Chartwell Retirement Residences shares last traded at C$21.09, with a volume of 583,381 shares.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets decreased their price objective on shares of Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$26.15.

Chartwell Retirement Residences Stock Performance

The business has a fifty day simple moving average of C$20.49 and a two-hundred day simple moving average of C$21.15. The company has a market cap of C$6.94 billion, a PE ratio of 1,139.32 and a beta of 0.88. 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 posted its earnings results on Thursday, November 5th. The company reported C$0.35 earnings per share (EPS) for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. The company had revenue of C$347.27 million for the quarter. Research analysts anticipate that Chartwell Retirement Residences will post 0.12 earnings per share for the current year.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be given a dividend of $0.0520 per share. This represents a $0.62 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. Chartwell Retirement Residences’s dividend payout ratio is currently 3,327.75%.

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 over 30,000 residents in four provinces across the country.