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

Key Points

• Chartwell Retirement Residences shares have crossed above their 200-day moving average, reaching a high of C$19.64 in trading on Thursday.
• A number of analysts have provided differing price targets, with Scotiabank raising their target to C$22.00, while TD Securities has decreased theirs to C$21.00.
• The company announced a monthly dividend of $0.051, indicating an annualized yield of 3.2%, with a notably high dividend payout ratio of 313.36%.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.65 and traded as high as C$19.64. Chartwell Retirement Residences shares last traded at C$19.12, with a volume of 428,960 shares trading hands.

Analyst Upgrades and Downgrades

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

Chartwell Retirement Residences Trading Up 0.4%

The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The company has a market cap of C$5.55 billion, a PE ratio of 98.10 and a beta of 0.75. The stock has a 50 day moving average price of C$18.33 and a 200 day moving average price of C$17.71.

Chartwell Retirement Residences Dividend Announcement

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

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.