Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Passes Above 200-Day Moving Average - What's Next?

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.93 and traded as high as C$16.72. Chartwell Retirement Residences shares last traded at C$16.39, with a volume of 218,365 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CSH.UN shares. BMO Capital Markets increased their price objective on Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday, March 3rd. TD Securities raised their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Canaccord Genuity Group set a C$20.50 price objective on shares of Chartwell Retirement Residences and gave the company a "buy" rating in a report on Thursday, April 3rd. Finally, CIBC lifted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Chartwell Retirement Residences presently has a consensus rating of "Buy" and a consensus target price of C$18.00.

Chartwell Retirement Residences Stock Performance

The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The stock's fifty day simple moving average is C$16.57 and its 200 day simple moving average is C$15.95. The company has a market cap of C$4.45 billion, a price-to-earnings ratio of -96.41 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Friday, February 28th. Chartwell Retirement Residences's dividend payout ratio is currently -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.