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

Chartwell Retirement Residences logo with Real Estate background
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Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.74 and traded as high as C$16.53. Chartwell Retirement Residences shares last traded at C$16.44, with a volume of 819,583 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CSH.UN shares. TD Securities boosted their price target on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a "buy" rating in a report on Monday, March 3rd. BMO Capital Markets upped their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday, March 3rd. Finally, CIBC lifted their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$17.64.

Get Our Latest Stock Analysis on CSH.UN

Chartwell Retirement Residences Trading Up 1.0 %

The company has a market cap of C$4.53 billion, a price-to-earnings ratio of -98.29 and a beta of 1.12. The company's 50 day moving average price is C$16.36 and its 200 day moving average price is C$15.76. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a $0.051 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.66%. Chartwell Retirement Residences's dividend payout ratio is currently -358.82%.

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About Chartwell Retirement Residences

(Get Free Report)

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.

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