Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$65.22 and traded as high as C$69.87. Boardwalk Real Estate Investment Trust shares last traded at C$69.07, with a volume of 48,675 shares traded.
Analysts Set New Price Targets
BEI.UN has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a report on Monday, May 12th. TD Securities lifted their price target on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Raymond James Financial boosted their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, National Bankshares lowered Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$80.00 to C$72.00 in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$80.64.
Check Out Our Latest Stock Analysis on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Trading Up 2.7%
The company has a 50 day moving average of C$68.06 and a 200-day moving average of C$65.26. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The stock has a market cap of C$3.50 billion, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.
Boardwalk Real Estate Investment Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.135 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.62 annualized dividend and a yield of 2.28%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is 10.66%.
Boardwalk Real Estate Investment Trust Company Profile
(
Get Free Report)
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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