Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Analyst Ratings Changes
Several brokerages have recently issued reports on BEI.UN. BMO Capital Markets upped their target price on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th. National Bankshares upgraded Boardwalk Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$74.00 to C$77.50 in a research report on Friday. TD Securities lifted 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. Finally, Raymond James Financial set a C$86.00 target price on Boardwalk Real Estate Investment Trust in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust has an average rating of "Moderate Buy" and a consensus target price of C$81.71.
Read Our Latest Stock Analysis on BEI.UN
Boardwalk Real Estate Investment Trust Trading Up 0.8%
The firm has a market capitalization of C$3.51 billion, a PE ratio of 5.26, 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. The company's 50-day simple moving average is C$68.52 and its 200 day simple moving average is C$65.47.
Boardwalk Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.135 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.28%. Boardwalk Real Estate Investment Trust's payout ratio is 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.
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