Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$66.57 and traded as high as C$72.25. Boardwalk Real Estate Investment Trust shares last traded at C$71.50, with a volume of 149,115 shares.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on BEI.UN. Royal Bank Of Canada increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Desjardins increased their target price 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. BMO Capital Markets raised their target price on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a report on Monday, May 12th. National Bankshares increased their price objective 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, July 31st. Finally, CIBC raised their price objective on shares of 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, July 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$83.44.
Get Our Latest 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 business's 50-day simple moving average is C$70.57 and its two-hundred day simple moving average is C$66.79. The firm has a market cap of C$3.48 billion, a price-to-earnings ratio of 5.22, 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 disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a $0.135 dividend. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 29th. 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.
Read More
Before you consider Boardwalk Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boardwalk Real Estate Investment Trust wasn't on the list.
While Boardwalk Real Estate Investment Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
