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

Chartwell Retirement Residences logo with Real Estate background

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.95 and traded as high as C$18.52. Chartwell Retirement Residences shares last traded at C$18.30, with a volume of 314,365 shares traded.

Wall Street Analyst Weigh In

CSH.UN has been the subject of several analyst reports. Canaccord Genuity Group set a C$20.50 target price on Chartwell Retirement Residences and gave the stock a "buy" rating in a report on Thursday, April 3rd. BMO Capital Markets lifted their price target on Chartwell Retirement Residences from C$19.00 to C$21.00 in a report on Monday, May 12th. Finally, TD Securities upped their price target on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 in a report on Monday, May 12th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$18.38.

Read Our Latest Research Report on Chartwell Retirement Residences

Chartwell Retirement Residences Trading Down 1.6%

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 company has a market cap of C$4.87 billion, a price-to-earnings ratio of -105.47 and a beta of 1.12. The company's 50-day moving average is C$18.19 and its 200 day moving average is C$17.01.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, July 31st. Chartwell Retirement Residences's payout ratio is -358.82%.

About Chartwell Retirement Residences

(Get Free Report)

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.

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