Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$65.77 and traded as high as C$67.07. Boardwalk Real Estate Investment Trust shares last traded at C$66.67, with a volume of 125,604 shares traded.

Analyst Ratings Changes

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

Boardwalk Real Estate Investment Trust Trading Up 0.4%

The company has a 50 day simple moving average of C$64.83 and a two-hundred day simple moving average of C$65.78. The company has a market cap of C$3.42 billion, a PE ratio of 72.31, a PEG ratio of 1.24 and a beta of 0.53. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st. Boardwalk Real Estate Investment Trust’s payout ratio is currently 181.32%.

About Boardwalk Real Estate Investment Trust

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.