Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Passes Below 200-Day Moving Average - Here's Why

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$65.40 and traded as low as C$65.40. Boardwalk Real Estate Investment Trust shares last traded at C$66.83, with a volume of 104,582 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BEI.UN shares. TD Securities increased 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. BMO Capital Markets lifted their target price on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th. National Bankshares cut Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$80.00 to C$72.00 in a research report on Monday, April 14th. Raymond James raised their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, CIBC lowered their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust currently has an average rating of "Hold" and a consensus target price of C$80.64.

Boardwalk Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$3.30 billion, a PE ratio of 4.95, a PEG ratio of 1.24 and a beta of 1.76. The business's 50 day moving average is C$64.71 and its 200 day moving average is C$65.40. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, May 30th. This represents a $1.62 annualized dividend and a dividend yield of 2.42%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is 10.66%.

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.

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