Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares Cross Below 200-Day Moving Average of $72.35

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$72.35 and traded as low as C$68.58. Boardwalk Real Estate Investment Trust shares last traded at C$69.95, with a volume of 67,740 shares.

Wall Street Analyst Weigh In

BEI.UN has been the topic of a number of research reports. Cormark lifted their price objective on Boardwalk Real Estate Investment Trust from C$72.00 to C$86.00 in a research note on Thursday, March 14th. Desjardins upped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, February 26th. National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research report on Thursday, May 9th. CIBC upped their price objective on Boardwalk Real Estate Investment Trust from C$74.50 to C$81.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Scotiabank cut their price objective on Boardwalk Real Estate Investment Trust from C$82.00 to C$80.25 and set a “sector perform” rating on the stock in a research report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$84.92.

Boardwalk Real Estate Investment Trust Stock Up 2.1 %

The company has a 50-day moving average of C$71.34 and a 200-day moving average of C$72.35. The company has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 4.39, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74. The company has a current ratio of 0.28, a quick ratio of 0.04 and a debt-to-equity ratio of 80.87.

Boardwalk Real Estate Investment Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Boardwalk Real Estate Investment Trust’s previous monthly dividend of $0.08. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.06%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 9.04%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.