Chartwell Retirement Residences (TSE:CSH.UN) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.74 and traded as high as C$16.53. Chartwell Retirement Residences shares last traded at C$16.44, with a volume of 819,583 shares trading hands.

Analysts Set New Price Targets

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

Chartwell Retirement Residences Stock Up 0.4 %

The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm has a market capitalization of C$4.46 billion, a PE ratio of -96.71 and a beta of 1.12. The company has a fifty day moving average price of C$16.33 and a 200-day moving average price of C$15.74.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was 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.