Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.72 and traded as high as C$22.38. Chartwell Retirement Residences shares last traded at C$22.27, with a volume of 350,044 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSH.UN. BMO Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Scotiabank raised their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. TD Securities raised their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Canaccord Genuity Group raised their price objective on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, ATB Cormark Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$24.94.

Chartwell Retirement Residences Price Performance

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 firm has a market cap of C$7.06 billion, a PE ratio of 238.23 and a beta of 0.82. The firm's fifty day simple moving average is C$21.06 and its two-hundred day simple moving average is C$20.72.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.02 earnings per share for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$303.73 million for the quarter. As a group, research analysts expect that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.052 per share. This is an increase from Chartwell Retirement Residences's previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, April 30th. Chartwell Retirement Residences's payout ratio is presently 654.67%.

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. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.

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