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

Chartwell Retirement Residences (TSE:CSH.UN) shares passed 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 changing hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Scotiabank boosted their price target on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. TD Securities boosted their price target on Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. National Bankshares boosted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Desjardins boosted their price target on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada boosted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$16.50.

Chartwell Retirement Residences Price Performance

The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The business has a 50-day moving average price of C$15.47 and a two-hundred day moving average price of C$13.99. The company has a market capitalization of C$4.33 billion, a price-to-earnings ratio of -93.88 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Thursday, October 31st. Chartwell Retirement Residences’s payout ratio is -358.82%.

Insider Transactions at Chartwell Retirement Residences

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

About Chartwell Retirement Residences

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.