Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Sets New 52-Week Low – What’s Next?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$62.35 and last traded at C$62.75, with a volume of 5655 shares traded. The stock had previously closed at C$63.22.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. National Bankshares dropped their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities decreased their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Scotiabank lowered their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$85.88.

Boardwalk Real Estate Investment Trust Stock Up 0.0 %

The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The company’s fifty day simple moving average is C$68.32 and its 200 day simple moving average is C$75.62. The firm has a market capitalization of C$3.12 billion, a P/E ratio of 4.68, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.28%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 10.66%.

Insider Transactions at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison acquired 650 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Insiders own 17.92% of the company’s stock.

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.