Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• Technical signal: Boardwalk REIT shares slipped below their 200‑day moving average (200‑day MA C$66.19), trading as low as C$63.04 and last at C$63.15 on a volume of 107,564 shares.
• Analyst outlook: Several firms trimmed price targets on Feb 23 while keeping mostly positive/neutral ratings, leaving a consensus rating of "Moderate Buy" and a consensus price target of C$81.19.
• Financial snapshot: The REIT has a market cap of C$3.34 billion, debt‑to‑equity of 77.35 and a P/E of 16.45, and it reported a quarterly loss of C($1.21) per share despite a reported net margin of 118.55% and ROE of 15.71%.

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$66.19 and traded as low as C$63.04. Boardwalk Real Estate Investment Trust shares last traded at C$63.15, with a volume of 107,564 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on BEI.UN shares. National Bank Financial lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an "outperform" rating for the company in a report on Monday, February 23rd. Raymond James Financial reduced their price objective on Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a "strong-buy" rating on the stock in a report on Monday, February 23rd. Desjardins decreased their price objective on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a "hold" rating on the stock in a research report on Monday, February 23rd. Scotiabank lowered their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a "sector perform" rating for the company in a research note on Monday, February 23rd. Finally, BMO Capital Markets dropped their target price on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a "market perform" rating for the company in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of "Moderate Buy" and a consensus price target of C$81.19.

Boardwalk Real Estate Investment Trust Stock Performance

The firm's 50-day moving average price is C$66.37 and its 200 day moving average price is C$66.19. 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 company has a market cap of C$3.34 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.24 and a beta of 0.40.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. The business had revenue of C$164.85 million during the quarter. On average, sell-side analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current year.

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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites.

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