Shares of Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$21.15 and traded as low as C$20.91. Chartwell Retirement Residences shares last traded at C$21.09, with a volume of 583,381 shares traded.
Wall Street Analyst Weigh In
Separately, ATB Cormark Capital Markets reduced their price objective on Chartwell Retirement Residences from C$25.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$26.15.
View Our Latest Research Report on CSH.UN
Chartwell Retirement Residences Stock Down 1.9%
The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm has a market cap of C$6.94 billion, a price-to-earnings ratio of 1,139.32 and a beta of 0.88. The business’s 50 day moving average price is C$20.49 and its 200 day moving average price is C$21.15.
Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.35 EPS for the quarter. The company had revenue of C$347.27 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. On average, equities analysts forecast that Chartwell Retirement Residences will post 0.12 EPS for the current year.
Chartwell Retirement Residences Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0520 per share. The ex-dividend date is Friday, October 30th. This represents a $0.62 dividend on an annualized basis and a yield of 3.0%. Chartwell Retirement Residences’s dividend payout ratio is currently 3,327.75%.
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. Chartwell is one of the largest operators in Canada, serving over 30,000 residents in four provinces across the country.
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