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

Key Points

• Chartwell Retirement Residences stock (TSE:CSH.UN) has crossed above its 200-day moving average, indicating positive momentum, with a current price of C$17.71 and a 200-day average of C$17.17.
• Research analysts have raised their target prices for the stock; BMO Capital Markets and TD Securities both increased theirs to C$21.00, while Canaccord Genuity set a target of C$20.50.
• The company announced a monthly dividend of $0.051, translating to an annualized yield of 3.5%, despite a notably high dividend payout ratio of -358.82%.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.17 and traded as high as C$17.85. Chartwell Retirement Residences shares last traded at C$17.71, with a volume of 286,780 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CSH.UN. TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 in a research report on Monday, May 12th. BMO Capital Markets boosted their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of "Buy" and a consensus target price of C$18.38.

Chartwell Retirement Residences Trading Down 0.1%

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 business's fifty day simple moving average is C$18.11 and its two-hundred day simple moving average is C$17.20. The stock has a market capitalization of C$4.80 billion, a P/E ratio of -104.06 and a beta of 1.12.

Chartwell Retirement Residences Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a dividend of $0.051 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, July 31st. Chartwell Retirement Residences's dividend payout ratio (DPR) is currently -358.82%.

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.