Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$65.16 and traded as high as C$69.33. Boardwalk Real Estate Investment Trust shares last traded at C$69.24, with a volume of 95,365 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. CIBC dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday, February 24th. National Bankshares cut shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$80.00 to C$72.00 in a report on Monday, April 14th. Scotiabank dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday, February 24th. BMO Capital Markets increased 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. Finally, TD Securities raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust presently has a consensus rating of "Hold" and a consensus price target of C$80.64.

Boardwalk Real Estate Investment Trust Stock Performance

The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock's 50 day moving average price is C$66.70 and its two-hundred day moving average price is C$65.18. The firm has a market capitalization of C$3.47 billion, a PE ratio of 5.20, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.31%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is 10.66%.

Boardwalk Real Estate Investment Trust Company Profile

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.