Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Passes 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 Friday . The stock has a 200-day moving average of C$13.99 and traded as high as C$16.08. Chartwell Retirement Residences shares last traded at C$15.96, with a volume of 672,812 shares traded.

Wall Street Analysts Forecast Growth

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

Chartwell Retirement Residences Stock Performance

The company has a market cap of C$4.33 billion, a P/E ratio of -93.88 and a beta of 1.12. 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 has a 50 day moving average price of C$15.47 and a 200-day moving average price of C$14.00.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.051 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.61 dividend on an annualized basis and a yield of 3.83%. Chartwell Retirement Residences's dividend payout ratio is presently -358.82%.

Insider Buying and Selling at Chartwell Retirement Residences

In other news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is owned by corporate insiders.

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.