Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Reaches New 1-Year Low – Should You Sell?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$60.65 and last traded at C$60.65, with a volume of 9768 shares traded. The stock had previously closed at C$61.53.

Analyst Upgrades and Downgrades

BEI.UN has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. National Bank Financial upped their target price on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Scotiabank dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$79.28.

Boardwalk Real Estate Investment Trust Stock Down 1.4%

The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The company has a market capitalization of C$3.05 billion, a PE ratio of -71.39, a P/E/G ratio of 1.24 and a beta of 0.55. The stock has a 50-day moving average of C$63.60 and a 200 day moving average of C$64.56.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, August 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is -199.41%.

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.