Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$65.50 and traded as high as C$66.24. Boardwalk Real Estate Investment Trust shares last traded at C$66.07, with a volume of 90,769 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on BEI.UN. Royal Bank Of Canada cut their price target on shares of Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Scotia lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. National Bank Financial dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a report on Monday, April 20th. TD cut their target price on Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Desjardins reduced their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Boardwalk Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$79.50.

Boardwalk Real Estate Investment Trust Trading Up 1.9%

The stock has a 50-day moving average of C$65.13 and a 200 day moving average of C$65.50. 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 stock has a market cap of C$3.43 billion, a PE ratio of 72.60, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 181.32%.

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.