Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Reaches New 12-Month Low – Should You Sell?

by · The Markets Daily

Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$60.75 and last traded at C$60.81, with a volume of 92092 shares trading hands. The stock had previously closed at C$62.33.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BEI.UN. National Bank Financial raised their target price on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Scotiabank lowered their price target 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 report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$79.28.

Read Our Latest Research Report on Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust Trading Up 0.2%

The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The company’s 50-day moving average is C$64.49 and its 200 day moving average is C$64.83. The company has a market cap of C$3.09 billion, a price-to-earnings ratio of -72.38, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.

Boardwalk Real Estate Investment Trust Announces Dividend

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

About Boardwalk Real Estate Investment Trust

(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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