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

Key Points

• Chartwell Retirement Residences' stock price recently exceeded its 200-day moving average, reaching C$18.67, with shares last trading at C$18.46.
• Several analysts have revised their price targets for the stock, with a consensus rating of "Buy" and an average target price of C$21.07, indicating positive outlooks from firms like TD Securities and BMO Capital Markets.
• The company announced a monthly dividend of $0.051, representing a 3.3% annual yield, despite a high dividend payout ratio of -358.82%.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.40 and traded as high as C$18.67. Chartwell Retirement Residences shares last traded at C$18.46, with a volume of 281,034 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Desjardins increased their target price on Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. TD Securities decreased their target price 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. Scotiabank raised their price objective on Chartwell Retirement Residences from C$20.00 to C$22.00 in a research report on Monday, August 11th. Finally, BMO Capital Markets raised their price objective on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Chartwell Retirement Residences currently has an average rating of "Buy" and a consensus price target of C$21.07.

Chartwell Retirement Residences Trading Down 0.3%

The firm has a market cap of C$4.95 billion, a P/E ratio of -107.35 and a beta of 1.12. The stock has a fifty day simple moving average of C$18.13 and a 200 day simple moving average of C$17.44. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be issued a $0.051 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 3.4%. Chartwell Retirement Residences's dividend payout ratio 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.