Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above 200 Day Moving Average – Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.99 and traded as high as C$16.08. Chartwell Retirement Residences shares last traded at C$15.96, with a volume of 672,812 shares trading hands.

Wall Street Analysts Forecast Growth

CSH.UN has been the subject of several research analyst reports. Desjardins raised their target price on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Monday, August 12th. CIBC raised their target price on Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. TD Securities raised their target price on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Scotiabank lifted their price objective on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, National Bankshares lifted their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$16.50.

Chartwell Retirement Residences Trading Up 1.5 %

The firm has a fifty day moving average of C$15.47 and a two-hundred day moving average of C$13.99. The company has a market cap of C$4.33 billion, a PE ratio of -93.88 and a beta of 1.12. 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 business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, October 31st. Chartwell Retirement Residences’s payout ratio is presently -358.82%.

Insider Buying and Selling at Chartwell Retirement Residences

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of Chartwell Retirement Residences stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. Insiders own 0.55% of the company’s stock.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.