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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s share price reached a new 52-week low on Monday . The stock traded as low as C$59.53 and last traded at C$61.15, with a volume of 26492 shares trading hands. The stock had previously closed at C$62.65.

Analyst Ratings Changes

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

Boardwalk Real Estate Investment Trust Price Performance

The business has a fifty day moving average of C$64.87 and a 200 day moving average of C$74.59. 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$3.16 billion, a PE ratio of 4.73, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 17th will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 10.66%.

Insider Activity at Boardwalk Real Estate Investment Trust

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