Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price Crosses Above Two Hundred Day Moving Average of $72.08

Boardwalk Real Estate Investment Trust (TSE:BEI.UNGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$72.08 and traded as high as C$72.44. Boardwalk Real Estate Investment Trust shares last traded at C$72.16, with a volume of 78,256 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BEI.UN shares. Desjardins lifted their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, February 26th. BMO Capital Markets lifted their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. National Bankshares lifted their target price on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research report on Thursday, May 9th. CIBC lifted their target price on Boardwalk Real Estate Investment Trust from C$74.50 to C$81.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Finally, TD Securities decreased their target price on Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$84.92.

Get Our Latest Stock Report on Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust Stock Up 0.3 %

The company has a current ratio of 0.28, a quick ratio of 0.04 and a debt-to-equity ratio of 80.87. The stock has a 50-day simple moving average of C$72.56 and a 200-day simple moving average of C$72.08. The company has a market cap of C$3.56 billion, a price-to-earnings ratio of 4.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74.

Boardwalk Real Estate Investment Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 17th will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Boardwalk Real Estate Investment Trust’s previous monthly dividend of $0.08. Boardwalk Real Estate Investment Trust’s payout ratio is currently 9.04%.

Boardwalk Real Estate Investment Trust Company Profile

(Get Free Report)

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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