Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$66.16 and traded as high as C$72.02. Boardwalk Real Estate Investment Trust shares last traded at C$71.97, with a volume of 67,413 shares.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. National Bankshares lifted their price target on Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the company an "outperform" rating in a report on Thursday. CIBC boosted their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock a "neutral" rating in a report on Thursday. Royal Bank Of Canada boosted their target price on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an "outperform" rating in a report on Thursday. BMO Capital Markets upped their price target on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a report on Monday, May 12th. Finally, Desjardins upped their price target on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a "buy" rating in a report on Thursday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of C$83.44.
Get Our Latest Stock Analysis on BEI.UN
Boardwalk Real Estate Investment Trust Stock Performance
The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The stock has a fifty day moving average of C$70.33 and a 200-day moving average of C$66.35. The firm has a market capitalization of C$3.53 billion, a P/E ratio of 5.28, a P/E/G ratio of 1.24 and a beta of 1.76.
Boardwalk Real Estate Investment Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.135 per share. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 29th. Boardwalk Real Estate Investment Trust's payout ratio is currently 10.66%.
Boardwalk Real Estate Investment Trust Company Profile
(
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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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