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

Key Points

• Chartwell Retirement Residences shares have recently surpassed their 200-day moving average, trading as high as C$19.73, indicating potential positive momentum within the market.
• Investment analysts have varying target price forecasts for the stock, with a consensus target of C$21.44 and several firms issuing "buy" ratings.
• The company announced a monthly dividend of $0.051 with a resulting yield of 3.1%, to be paid on November 17th, highlighting its commitment to returning value to shareholders.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.14 and traded as high as C$19.73. Chartwell Retirement Residences shares last traded at C$19.54, with a volume of 419,508 shares.

Analyst Upgrades and Downgrades

CSH.UN has been the topic of a number of research reports. TD Securities dropped their price target on Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Scotiabank raised their price target on Chartwell Retirement Residences from C$20.00 to C$22.00 in a research note on Monday, August 11th. Desjardins raised their price target on 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. National Bankshares lifted their target price on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an "outperform" rating in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted 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. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$21.44.

Chartwell Retirement Residences Stock Down 0.3%

The company has a 50-day moving average price of C$19.09 and a 200 day moving average price of C$18.14. The firm has a market capitalization of C$5.66 billion, a PE ratio of 100.05 and a beta of 0.67. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be given a $0.051 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, October 31st. Chartwell Retirement Residences's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.