Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.61 and traded as high as C$15.26. Chartwell Retirement Residences shares last traded at C$15.18, with a volume of 171,815 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSH.UN shares. Scotiabank raised their price objective on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. CIBC raised their price target on Chartwell Retirement Residences from C$16.50 to C$19.00 in a report on Monday, November 18th. Finally, TD Securities lifted their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences has an average rating of “Buy” and a consensus price target of C$17.08.

Chartwell Retirement Residences Stock Performance

The company has a market cap of C$4.12 billion, a P/E ratio of -89.29 and a beta of 1.12. The stock has a 50 day moving average price of C$15.70 and a two-hundred day moving average price of C$14.61. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Friday, November 29th. Chartwell Retirement Residences’s payout ratio is -358.82%.

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.