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.

Analyst Ratings Changes

Several research analysts recently commented on BEI.UN shares. TD Securities lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. BMO Capital Markets lifted 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 lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Finally, National Bankshares downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$80.00 to C$72.00 in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of C$80.64.

Boardwalk Real Estate Investment Trust Trading Up 0.4%

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

Boardwalk Real Estate Investment Trust Dividend Announcement

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

About Boardwalk Real Estate Investment Trust

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.