Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$66.96 and traded as high as C$71.10. Boardwalk Real Estate Investment Trust shares last traded at C$71.03, with a volume of 125,118 shares.
Analysts Set New Price Targets
Several equities research analysts recently commented on BEI.UN shares. BMO Capital Markets boosted their price target on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research note on Monday, May 12th. Royal Bank Of Canada raised their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. National Bankshares upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the stock an "outperform" rating in a report on Thursday, July 31st. CIBC boosted their price target 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. Finally, Desjardins raised their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$83.44.
Get Our Latest Analysis on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Down 0.6%
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 firm has a 50-day moving average of C$70.62 and a 200 day moving average of C$67.08. The stock has a market capitalization of C$3.46 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 1.24 and a beta of 1.76.
Boardwalk Real Estate Investment Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a yield of 2.3%. Boardwalk Real Estate Investment Trust's dividend payout ratio is currently 10.66%.
About Boardwalk Real Estate Investment Trust
(
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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