Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$65.47 and traded as high as C$71.23. Boardwalk Real Estate Investment Trust shares last traded at C$71.02, with a volume of 138,910 shares changing hands.
Analyst Upgrades and Downgrades
BEI.UN has been the subject of a number of recent research reports. TD Securities increased their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. BMO Capital Markets raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th. Raymond James Financial set a C$86.00 target price on shares of Boardwalk Real Estate Investment Trust in a research note on Friday. Finally, National Bankshares upgraded shares of Boardwalk Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$74.00 to C$77.50 in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of "Moderate Buy" and an average target price of C$81.71.
Read Our Latest Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Up 0.4%
The firm has a 50 day simple moving average of C$68.64 and a 200-day simple moving average of C$65.55. The stock has a market cap of C$3.58 billion, a P/E ratio of 5.37, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.
Boardwalk Real Estate Investment Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.62 annualized dividend and a yield of 2.23%. Boardwalk Real Estate Investment Trust's payout ratio is 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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