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

Key Points

• Boardwalk Real Estate Investment Trust's shares recently surpassed their 200-day moving average, trading at C$71.89 after reaching a high of C$72.43.
• Several analysts have upgraded their price targets for the stock, with ratings indicating a consensus target price of C$83.44 and an average rating of "Moderate Buy."
• The company announced a monthly dividend of $0.135, reflecting an annualized dividend yield of 2.3%, and has a dividend payout ratio of 24.96%.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$68.03 and traded as high as C$72.43. Boardwalk Real Estate Investment Trust shares last traded at C$71.89, with a volume of 74,932 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. National Bankshares boosted their price objective on Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial boosted their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. CIBC boosted their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Desjardins boosted their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$83.44.

Boardwalk Real Estate Investment Trust Price Performance

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 firm has a market capitalization of C$3.78 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.24 and a beta of 0.71. The business has a 50 day simple moving average of C$71.09 and a two-hundred day simple moving average of C$68.10.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were given a dividend of $0.135 per share. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 2.3%. Boardwalk Real Estate Investment Trust's dividend payout ratio is 24.96%.

About Boardwalk Real Estate Investment Trust

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.