Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$64.60 and traded as low as C$61.28. Boardwalk Real Estate Investment Trust shares last traded at C$61.28, with a volume of 73,234 shares.

Analyst Ratings Changes

BEI.UN has been the topic of several research reports. National Bank Financial upped their price target on Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Scotiabank cut their target price on shares of Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$79.28.

Check Out Our Latest Report on BEI.UN

Boardwalk Real Estate Investment Trust Stock Up 0.5%

The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The firm’s fifty day moving average price is C$63.67 and its 200-day moving average price is C$64.58. The company has a market cap of C$3.09 billion, a price-to-earnings ratio of -72.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, August 31st. Boardwalk Real Estate Investment Trust’s payout ratio is presently -199.41%.

Boardwalk Real Estate Investment Trust Company Profile

(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. 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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