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

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%.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CSH.UN shares. TD Securities decreased their price target on shares of 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. Royal Bank Of Canada increased their price target on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Scotiabank increased 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 research note on Monday, August 11th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences currently has an average rating of "Buy" and an average target price of C$21.07.

Chartwell Retirement Residences Price Performance

The company has a market cap of C$5.54 billion, a price-to-earnings ratio of 97.90 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. The company's 50 day moving average price is C$18.28 and its 200 day moving average price is C$17.65.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a $0.051 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 29th. Chartwell Retirement Residences's dividend payout ratio (DPR) is 313.36%.

Chartwell Retirement Residences Company Profile

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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