Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares Pass Above 200 Day Moving Average – What’s Next?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$65.69 and traded as high as C$65.97. Boardwalk Real Estate Investment Trust shares last traded at C$65.31, with a volume of 179,547 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BEI.UN. BMO Capital Markets lowered their target price on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a research note on Monday, February 23rd. Scotiabank lowered their target price on 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. National Bank Financial lowered their target price on 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. Desjardins lowered their target price on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Finally, Raymond James Financial reduced their price target on Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating on the stock in a research report 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$81.19.

Boardwalk Real Estate Investment Trust Trading Up 0.5%

The firm’s fifty day simple moving average is C$65.70 and its 200 day simple moving average is C$65.69. The stock has a market capitalization of C$3.41 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.24 and a beta of 0.40. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) earnings per share for the quarter. The business had revenue of C$164.85 million during 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, equities research analysts forecast that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, April 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 41.80%.

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