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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) hit a new 52-week low during mid-day trading 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.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. National Bankshares reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Royal Bank of Canada dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Raymond James reduced their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Finally, TD Securities dropped their price objective 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$85.53.

Boardwalk Real Estate Investment Trust Stock Performance

The stock’s 50 day moving average is C$65.06 and its 200 day moving average is C$74.65. 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 firm has a market cap of C$3.08 billion, a price-to-earnings ratio of 4.62, 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. This represents a $1.44 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, January 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 10.66%.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other news, Director Scott Andrew Morrison acquired 650 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of C$64.76 per share, with a total value 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.