Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.66 and traded as high as C$17.07. Chartwell Retirement Residences shares last traded at C$16.94, with a volume of 501,962 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Securities boosted their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. BMO Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday, March 3rd. Finally, CIBC boosted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$17.64.

Chartwell Retirement Residences Stock Up 1.9 %

The firm has a market cap of C$4.60 billion, a price-to-earnings ratio of -99.65 and a beta of 1.12. The firm’s 50 day moving average price is C$16.13 and its two-hundred day moving average price is C$15.66. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, February 28th. Chartwell Retirement Residences’s payout ratio is -358.82%.

About Chartwell Retirement Residences

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.