Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$65.17 and traded as high as C$69.55. Boardwalk Real Estate Investment Trust shares last traded at C$69.25, with a volume of 104,039 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BEI.UN. National Bankshares downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$80.00 to C$72.00 in a report on Monday, April 14th. BMO Capital Markets raised their target price on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research note on Monday, May 12th. Raymond James Financial raised their target price on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, TD Securities raised their target price on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$80.64.

Boardwalk Real Estate Investment Trust Price Performance

The business’s 50 day moving average is C$67.15 and its two-hundred day moving average is C$65.17. The firm has a market capitalization of C$3.42 billion, a PE ratio of 5.13, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, May 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

Boardwalk Real Estate Investment Trust Company Profile

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.