Chartwell Retirement Residences (TSE:CSH.UN) Shares Cross Above Two Hundred Day Moving Average of $9.38

Chartwell Retirement Residences (TSE:CSH.UNGet Rating)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.38 and traded as high as C$9.98. Chartwell Retirement Residences shares last traded at C$9.95, with a volume of 820,915 shares.

Wall Street Analysts Forecast Growth

CSH.UN has been the topic of several recent analyst reports. TD Securities decreased their target price on shares of Chartwell Retirement Residences from C$11.50 to C$11.00 and set a “buy” rating on the stock in a report on Monday, November 14th. Royal Bank of Canada cut their target price on Chartwell Retirement Residences from C$13.50 to C$12.00 and set an “outperform” rating for the company in a research note on Monday, November 14th. CIBC reduced their price objective on Chartwell Retirement Residences from C$14.25 to C$12.00 and set an “outperform” rating on the stock in a research note on Friday, November 11th. National Bankshares lowered their target price on Chartwell Retirement Residences from C$13.00 to C$11.00 in a research note on Monday, October 24th. Finally, Scotiabank raised their price target on shares of Chartwell Retirement Residences from C$10.00 to C$11.00 in a research note on Tuesday, January 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$11.40.

Chartwell Retirement Residences Stock Up 1.8 %

The firm has a 50-day simple moving average of C$8.47 and a 200 day simple moving average of C$9.38. The stock has a market capitalization of C$2.29 billion and a P/E ratio of 331.67. The company has a debt-to-equity ratio of 318.17, a current ratio of 0.54 and a quick ratio of 0.07.

Chartwell Retirement Residences Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 15th will be given a dividend of $0.051 per share. The ex-dividend date is Monday, January 30th. This represents a $0.61 annualized dividend and a yield of 6.15%. Chartwell Retirement Residences’s dividend payout ratio is presently 2,040.00%.

Insider Buying and Selling at Chartwell Retirement Residences

In related news, Director Sharon Sallows acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was acquired at an average cost of C$8.64 per share, for a total transaction of C$86,400.00. Following the completion of the acquisition, the director now directly owns 23,749 shares of the company’s stock, valued at approximately C$205,191.36.

Chartwell Retirement Residences Company Profile

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Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.

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