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

Chartwell Retirement Residences logo with Real Estate background

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%.
  • Interested in Chartwell Retirement Residences? Here are five stocks we like better.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on CSH.UN

Chartwell Retirement Residences Stock Down 0.9%

The company has a market capitalization of C$4.91 billion, a P/E ratio of -106.41 and a beta of 1.12. The firm's 50 day moving average price is C$18.14 and its two-hundred day moving average price is C$17.46. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.051 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 29th. Chartwell Retirement Residences's dividend payout ratio (DPR) is currently -358.82%.

Chartwell Retirement Residences Company Profile

(Get Free Report)

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.

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