Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.
Analyst Ratings Changes
A number of analysts have recently weighed in on BEI.UN shares. National Bankshares upgraded shares of Boardwalk Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$74.00 to C$77.50 in a research note on Friday, July 11th. TD Securities increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. BMO Capital Markets increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research note on Monday, May 12th. Finally, Raymond James Financial set a C$86.00 price objective on shares of Boardwalk Real Estate Investment Trust in a report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$81.71.
View Our Latest Research Report on BEI.UN
Boardwalk Real Estate Investment Trust Price Performance
The stock's fifty day moving average price is C$69.48 and its two-hundred day moving average price is C$65.91. The firm has a market capitalization of C$3.52 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.
Boardwalk Real Estate Investment Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a $0.135 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.62 dividend on an annualized basis and a yield of 2.28%. Boardwalk Real Estate Investment Trust's dividend payout ratio is presently 10.66%.
Boardwalk Real Estate Investment Trust Company Profile
(
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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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