Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Shares crossed above their 200-day moving average, trading around C$67.43 (200‑day MA C$65.49) on volume of 123,690, indicating a short-term technical improvement.
• Analysts have trimmed target prices but the consensus rating is a Moderate Buy with an average target of C$81.06 (1 Strong Buy, 3 Buy, 4 Hold).
• Boardwalk announced a monthly dividend of $0.15 per share (ex‑dividend May 29, payable June 15), implying a 2.7% yield and a 41.8% payout ratio.

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$65.49 and traded as high as C$67.56. Boardwalk Real Estate Investment Trust shares last traded at C$67.43, with a volume of 123,690 shares changing hands.

Analyst Ratings Changes

Several research firms have weighed in on BEI.UN. Desjardins cut their target price on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a "hold" rating on the stock in a report on Monday, February 23rd. BMO Capital Markets cut their target price on shares of Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a "market perform" rating on the stock in a report on Monday, February 23rd. National Bank Financial cut their target price 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. Scotiabank cut their target price on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a "sector perform" rating on the stock in a report on Monday, February 23rd. Finally, Raymond James Financial cut their target price on shares of Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a "strong-buy" rating on the stock in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust has an average rating of "Moderate Buy" and a consensus target price of C$81.06.

Boardwalk Real Estate Investment Trust Trading Up 1.3%

The company's fifty day simple moving average is C$65.38 and its two-hundred day simple moving average is C$65.49. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The company has a market capitalization of C$3.52 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.24 and a beta of 0.40.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) last posted its earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%.The firm had revenue of C$164.85 million during the quarter. Research analysts forecast that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, May 29th. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is presently 41.80%.

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.

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