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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$65.19 and traded as high as C$71.16. Boardwalk Real Estate Investment Trust shares last traded at C$70.47, with a volume of 190,236 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BEI.UN shares. 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 report on Monday, May 12th. National Bankshares downgraded shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$80.00 to C$72.00 in a research note on Monday, April 14th. CIBC decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. TD Securities raised their price target 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. Finally, Scotiabank decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$80.64.

Boardwalk Real Estate Investment Trust Stock Down 1.0%

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's 50 day simple moving average is C$65.71 and its 200 day simple moving average is C$65.24. The company has a market capitalization of C$3.43 billion, a PE ratio of 5.14, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, May 30th. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is presently 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.