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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$65.17 and traded as high as C$69.55. Boardwalk Real Estate Investment Trust shares last traded at C$69.25, with a volume of 104,039 shares changing hands.

Wall Street Analyst Weigh In

BEI.UN has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a report on Monday, May 12th. Raymond James Financial increased their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. National Bankshares downgraded Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$80.00 to C$72.00 in a report on Monday, April 14th. Finally, TD Securities increased their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$80.64.

Boardwalk Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The business has a 50-day simple moving average of C$67.42 and a 200 day simple moving average of C$65.13. The firm has a market cap of C$3.44 billion, a PE ratio of 5.15, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were given a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Friday, May 30th. Boardwalk Real Estate Investment Trust's payout ratio is 10.66%.

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.