Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$74.37 and traded as low as C$63.31. Boardwalk Real Estate Investment Trust shares last traded at C$65.03, with a volume of 184,600 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on BEI.UN. National Bankshares lowered their price objective 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 downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Scotiabank reduced their price objective on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. TD Securities decreased 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 research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average target price of C$85.53.

Boardwalk Real Estate Investment Trust Stock Up 1.1 %

The firm has a 50-day moving average of C$64.38 and a two-hundred day moving average of C$74.37. The firm has a market cap of C$3.21 billion, a price-to-earnings ratio of 4.81, a PEG 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.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 annualized dividend and a yield of 2.21%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 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 stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of C$64.76 per share, with a total value 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.