Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares Pass Below 200-Day Moving Average – What’s Next?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$65.39 and traded as low as C$63.47. Boardwalk Real Estate Investment Trust shares last traded at C$63.55, with a volume of 61,070 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Scotia dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. National Bank Financial dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a report on Monday, April 20th. Royal Bank Of Canada dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. TD dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, Desjardins dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$79.50.

Boardwalk Real Estate Investment Trust Stock Performance

The business’s fifty day moving average price is C$65.06 and its 200-day moving average price is C$65.38. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The stock has a market cap of C$3.33 billion, a PE ratio of 70.48, a P/E/G ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, May 29th. Boardwalk Real Estate Investment Trust’s payout ratio is currently 181.32%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.