Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$74.37 and traded as low as C$63.31. Boardwalk Real Estate Investment Trust shares last traded at C$65.03, with a volume of 184,600 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on BEI.UN shares. National Bankshares lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Raymond James dropped their target price on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. TD Securities decreased their price target on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$85.53.

Boardwalk Real Estate Investment Trust Stock Up 1.1 %

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 stock has a market cap of C$3.21 billion, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The firm has a 50 day simple moving average of C$64.38 and a two-hundred day simple moving average of C$74.37.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.21%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 10.66%.

Insider Buying and Selling

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

About Boardwalk Real Estate Investment Trust

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.