Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Chartwell shares crossed above their 200-day moving average, reaching C$22.13 and last trading at C$22.03, compared with a 200-day average of C$21.43.
• Analysts remain broadly bullish: the stock has an average “Buy” rating and a consensus price target of C$25.82, with several firms recently raising their targets to between C$25.00 and C$27.00.
• Chartwell announced a monthly dividend of C$0.052 per share, implying a 2.8% annualized yield; however, the company reported roughly break-even quarterly EPS and carries high debt relative to equity.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.43 and traded as high as C$22.13. Chartwell Retirement Residences shares last traded at C$22.03, with a volume of 475,937 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSH.UN. Canaccord Genuity Group increased their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a "buy" rating in a report on Monday, May 11th. TD lifted their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a "buy" rating in a report on Monday, May 11th. Royal Bank Of Canada boosted their target price on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Monday, May 11th. Raymond James Financial increased their target price on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a "strong-buy" rating in a research note on Monday, May 11th. Finally, National Bank Financial raised their price target on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an "outperform" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$25.82.

Chartwell Retirement Residences Stock Performance

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 firm has a market capitalization of C$7.14 billion, a price-to-earnings ratio of -34,857.59 and a beta of 0.85. The stock's 50 day moving average price is C$22.12 and its two-hundred day moving average price is C$21.43.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C($0.00) earnings per share (EPS) for the quarter. The business had revenue of C$336.74 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, analysts forecast that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a $0.052 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.8%. Chartwell Retirement Residences's dividend payout ratio (DPR) is -96,993.67%.

About Chartwell Retirement Residences

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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