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

Key Points

• Chartwell Retirement Residences (TSE:CSH.UN) has seen its stock price rise above the 200-day moving average, currently trading at C$20.28.
• Several analysts have upgraded their price targets for the stock, with Scotiabank raising it to C$22.00, while TD Securities lowered it to C$21.00, maintaining a "buy" rating.
• The company has announced a monthly dividend of $0.051 per share, yielding 3.0%, although it has a high dividend payout ratio of 313.36%.

Shares of Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.88 and traded as high as C$20.50. Chartwell Retirement Residences shares last traded at C$20.28, with a volume of 553,960 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CSH.UN shares. Scotiabank boosted their price objective on Chartwell Retirement Residences from C$20.00 to C$22.00 in a research note on Monday, August 11th. TD Securities reduced 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 note on Monday, August 11th. Royal Bank Of Canada boosted their price objective on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Desjardins boosted their price objective on Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$21.07.

Chartwell Retirement Residences Price Performance

The stock has a fifty day moving average of C$18.56 and a two-hundred day moving average of C$17.88. The stock has a market cap of C$5.87 billion, a price-to-earnings ratio of 103.84 and a beta of 0.75. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were given a dividend of $0.051 per share. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a yield of 3.0%. Chartwell Retirement Residences's dividend payout ratio 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.

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