Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Technical breakout: Boardwalk REIT crossed above its 200‑day moving average (C$65.55), trading as high as C$67.61 and last at C$67.05 on volume of about 213,788 shares.
• Analyst stance: Several firms trimmed price targets (roughly C$75.50–C$82.00) but the consensus is a “Moderate Buy” with an average target of C$81.19.
• Fundamentals & dividend: Market cap is ~C$3.5B with a P/E of 17.46 and debt/equity of 77.35, and the company pays a monthly dividend of C$0.15 (about a 2.7% yield; ex‑dividend Apr 30).

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$65.55 and traded as high as C$67.61. Boardwalk Real Estate Investment Trust shares last traded at C$67.05, with a volume of 213,788 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Scotiabank dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a "sector perform" rating on the stock in a research note on Monday, February 23rd. Desjardins cut their price target on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a "hold" rating for the company in a report on Monday, February 23rd. BMO Capital Markets reduced their price target on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a "market perform" rating for the company in a research report on Monday, February 23rd. Raymond James Financial reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a "strong-buy" rating for the company in a report on Monday, February 23rd. Finally, National Bank Financial decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an "outperform" rating on the stock in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$81.19.

Boardwalk Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The firm's fifty day simple moving average is C$65.35 and its 200 day simple moving average is C$65.55. The firm has a market cap of C$3.50 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.24 and a beta of 0.40.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) last released its quarterly earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) earnings per share (EPS) for the quarter. The business had revenue of C$164.85 million for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. As a group, analysts forecast that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current year.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, April 30th. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is presently 41.80%.

About Boardwalk Real Estate Investment Trust

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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites.

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