Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Passes Above Two Hundred Day Moving Average of $11.47

Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.47 and traded as high as C$12.73. Chartwell Retirement Residences shares last traded at C$12.52, with a volume of 368,517 shares.

Analyst Upgrades and Downgrades

CSH.UN has been the topic of several recent analyst reports. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. TD Securities lifted their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Finally, CIBC lifted their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Chartwell Retirement Residences currently has an average rating of “Buy” and a consensus target price of C$14.00.

Chartwell Retirement Residences Stock Performance

The stock has a market capitalization of C$3.01 billion, a price-to-earnings ratio of -48.50 and a beta of 1.12. The company’s fifty day simple moving average is C$12.29 and its 200 day simple moving average is C$11.49. The company has a quick ratio of 0.07, a current ratio of 0.45 and a debt-to-equity ratio of 258.26.

Chartwell Retirement Residences Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a $0.051 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.61 annualized dividend and a dividend yield of 4.85%. Chartwell Retirement Residences’s dividend payout ratio is currently -234.62%.

Insider Buying and Selling at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Gary Neil Whitelaw purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of C$12.25 per share, for a total transaction of C$49,000.00. Corporate insiders own 0.64% of the company’s stock.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.