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

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

Analyst Ratings Changes

A number of research analysts have weighed in on BEI.UN shares. Raymond James decreased their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research note on Monday, January 13th. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. National Bankshares cut their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Scotiabank lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Finally, TD Securities cut their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$84.98.

Boardwalk Real Estate Investment Trust Stock Performance

The firm has a market cap of C$2.99 billion, a price-to-earnings ratio of 4.49, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. 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 stock’s 50 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 company also recently announced a monthly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 17th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the company’s 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. 17.92% of the stock is owned by corporate 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.