Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$65.78 and traded as high as C$72.26. Boardwalk Real Estate Investment Trust shares last traded at C$72.05, with a volume of 42,064 shares trading hands.
Analyst Ratings Changes
BEI.UN has been the subject of several recent research reports. TD Securities raised their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. BMO Capital Markets lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a report on Monday, May 12th. Raymond James Financial set a C$86.00 price objective on Boardwalk Real Estate Investment Trust in a research note on Friday, July 11th. Finally, National Bankshares upgraded Boardwalk Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$74.00 to C$77.50 in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$81.71.
Read Our Latest Stock Analysis on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Performance
The company has a market cap of C$3.53 billion, a PE ratio of 5.29, a PEG ratio of 1.24 and a beta of 1.76. 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 moving average of C$69.60 and a 200 day moving average of C$65.95.
Boardwalk Real Estate Investment Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.62 dividend on an annualized basis and a yield of 2.27%. Boardwalk Real Estate Investment Trust's dividend payout ratio is currently 10.66%.
About Boardwalk Real Estate Investment Trust
(
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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.
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