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

Chartwell Retirement Residences (TSE:CSH.UN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.40 and traded as high as C$16.00. Chartwell Retirement Residences shares last traded at C$15.69, with a volume of 306,791 shares changing hands.

Analyst Upgrades and Downgrades

CSH.UN has been the subject of a number of recent analyst reports. CIBC upped their target price on Chartwell Retirement Residences from C$16.50 to C$19.00 in a research report on Monday, November 18th. TD Securities upped their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Scotiabank upped their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$17.08.

Chartwell Retirement Residences Trading Down 0.8 %

The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market capitalization of C$4.26 billion, a P/E ratio of -92.29 and a beta of 1.12. The firm has a 50-day moving average of C$15.65 and a two-hundred day moving average of C$14.40.

Chartwell Retirement Residences Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.051 per share. The ex-dividend date is Friday, November 29th. This represents a $0.61 annualized dividend and a dividend yield of 3.90%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

Insider Buying and Selling

In other news, Director Vlad Volodarski sold 31,872 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 corporate insiders.

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.