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

Key Points

• Shares passed above its 200-day moving average (200-day MA C$20.43), trading as high as C$21.52 and last at C$21.20 on volume of 342,221 shares.
• Multiple analysts raised price targets on March 2, leaving the stock with a consensus "Buy" rating and an average target price of C$24.94.
• Fundamentals show high leverage and a stretched payout: market cap C$6.72B, P/E 226.78 and debt-to-equity 192.20, while the monthly dividend yields 2.9% but has a very high DPR of 654.67%.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.43 and traded as high as C$21.52. Chartwell Retirement Residences shares last traded at C$21.20, with a volume of 342,221 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CSH.UN shares. Scotiabank raised their target price on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, March 2nd. Desjardins increased their price target on shares of Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. ATB Cormark Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an "outperform" rating in a research note on Monday, March 2nd. BMO Capital Markets lifted their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an "outperform" rating in a report on Monday, March 2nd. Finally, Canaccord Genuity Group raised their price target on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$24.94.

Chartwell Retirement Residences Stock Performance

The company's fifty day simple moving average is C$21.26 and its two-hundred day simple moving average is C$20.43. The company has a market capitalization of C$6.72 billion, a price-to-earnings ratio of 226.78 and a beta of 0.73. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$303.73 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. Equities research analysts predict that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 27th. Chartwell Retirement Residences's dividend payout ratio (DPR) is currently 654.67%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.

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