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

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.86 and traded as high as C$15.54. Chartwell Retirement Residences shares last traded at C$15.47, with a volume of 269,506 shares traded.

Wall Street Analyst Weigh In

CSH.UN has been the topic of several recent research reports. Scotiabank increased their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. TD Securities upped their price objective on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. National Bankshares boosted their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a report on Tuesday, August 13th. Royal Bank of Canada lifted their price objective on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Monday, August 12th. Finally, CIBC increased their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an "outperform" rating in a research report on Monday, August 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$16.50.

Chartwell Retirement Residences Stock Up 0.5 %

The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The company's 50 day moving average price is C$15.34 and its 200 day moving average price is C$13.86. The firm has a market capitalization of C$4.22 billion, a price-to-earnings ratio of -91.00 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, October 31st. Chartwell Retirement Residences's dividend payout ratio is presently -358.82%.

Insider Buying and Selling

In other news, Director Vlad Volodarski sold 31,872 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$15.77, for a total value of C$502,627.81. Corporate insiders own 0.55% of the company's stock.

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.