Chartwell Retirement Residences (TSE:CSH.UN) Shares Cross Above 200 Day Moving Average of $14.99

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Chartwell Retirement Residences (TSE:CSH.UN)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.99 and traded as high as $14.78. Chartwell Retirement Residences shares last traded at $14.73, with a volume of 100,238 shares trading hands.

Several equities research analysts have recently issued reports on CSH.UN shares. CIBC raised their price objective on shares of Chartwell Retirement Residences from C$15.75 to C$16.00 in a research note on Monday, August 12th. BMO Capital Markets set a C$16.00 price objective on shares of Chartwell Retirement Residences and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, TD Securities lowered their price objective on shares of Chartwell Retirement Residences from C$17.50 to C$17.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$16.46.

The company has a debt-to-equity ratio of 255.96, a current ratio of 0.19 and a quick ratio of 0.10. The stock’s 50 day simple moving average is C$15.03 and its two-hundred day simple moving average is C$14.99. The stock has a market cap of $3.11 billion and a price-to-earnings ratio of 333.41.

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $0.60 annualized dividend and a dividend yield of 4.09%. Chartwell Retirement Residences’s dividend payout ratio is presently 1,363.64%.

About Chartwell Retirement Residences (TSE:CSH.UN)

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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