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Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above 200-Day Moving Average - Here's What Happened

Chartwell Retirement Residences logo with Real Estate background

Key Points

  • Chartwell Retirement Residences (TSE:CSH.UN) has crossed above its two hundred day moving average, reaching a high of C$19.49 and last traded at C$19.26.
  • Analysts generally maintain a positive outlook on the stock, with a consensus rating of "Buy" and an average price target of C$21.07, despite some price objective adjustments.
  • Chartwell recently announced a monthly dividend of $0.051 with a dividend yield of 3.2%, although it has a high dividend payout ratio of 313.36%.
  • MarketBeat previews the top five stocks to own by November 1st.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'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$17.75 and traded as high as C$19.49. Chartwell Retirement Residences shares last traded at C$19.26, with a volume of 2,267,640 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSH.UN shares. Royal Bank Of Canada boosted their target price on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Scotiabank increased their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research report on Monday, August 11th. TD Securities reduced their price objective on Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Finally, Desjardins increased their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$21.07.

Get Our Latest Stock Report on Chartwell Retirement Residences

Chartwell Retirement Residences Stock Up 0.3%

The firm's fifty day moving average is C$18.39 and its 200 day moving average is C$17.77. The stock has a market cap of C$5.57 billion, a P/E ratio of 98.51 and a beta of 0.75. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were given a dividend of $0.051 per share. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, August 29th. Chartwell Retirement Residences's dividend payout ratio is 313.36%.

Chartwell Retirement Residences Company Profile

(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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