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

Key Points

• Chartwell Retirement Residences' stock price recently crossed above its 200-day moving average of C$17.55, reaching a high of C$18.64.
• Several analysts have upgraded their price targets for the stock, with Scotiabank increasing it from C$20.00 to C$22.00, while the consensus target price is approximately C$21.07.
• The company announced a monthly dividend of $0.051 per share to be paid on September 15th, reflecting a yield of 3.3% despite a high dividend payout ratio of 313.36%.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.55 and traded as high as C$18.64. Chartwell Retirement Residences shares last traded at C$18.62, with a volume of 367,434 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on CSH.UN shares. BMO Capital Markets raised their price target on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. Royal Bank Of Canada increased their price target 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. Desjardins raised their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Monday, August 11th. TD Securities lowered their price objective on Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Finally, Scotiabank boosted their target price on shares of Chartwell Retirement Residences from C$20.00 to C$22.00 in a research note on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$21.07.

Chartwell Retirement Residences Price 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 stock has a market capitalization of C$5.64 billion, a price-to-earnings ratio of 99.74 and a beta of 0.75. The company's 50 day moving average is C$18.21 and its 200 day moving average is C$17.59.

Chartwell Retirement Residences Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a $0.051 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend 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.