Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Sets New 1-Year Low – Here’s Why

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) hit a new 52-week low on Monday . The company traded as low as C$60.27 and last traded at C$60.96, with a volume of 7069 shares changing hands. The stock had previously closed at C$60.42.

Wall Street Analyst Weigh In

BEI.UN has been the topic of several recent analyst reports. Scotiabank decreased their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. TD Securities lowered their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, Raymond James lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$84.98.

Boardwalk Real Estate Investment Trust Price Performance

The firm has a market cap of C$2.99 billion, a PE ratio of 4.49, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The business’s fifty day moving average is C$66.48 and its 200-day moving average is C$75.15.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 17th will be issued a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.38%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is owned by company insiders.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.