Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as C$59.10 and last traded at C$59.34, with a volume of 11078 shares changing hands. The stock had previously closed at C$60.32.
Analysts Set New Price Targets
BEI.UN has been the subject of a number of research analyst reports. Scotiabank lowered their price target on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday, February 24th. CIBC cut their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. Raymond James reduced their price target on shares of 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 lowered Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$84.07.
Get Our Latest Stock Report on BEI.UN
Boardwalk Real Estate Investment Trust Stock Performance
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 stock has a fifty day moving average price of C$64.65 and a 200-day moving average price of C$68.51. The firm has a market cap of C$3.03 billion, a price-to-earnings ratio of 4.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.
Boardwalk Real Estate Investment Trust Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.135 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.62 dividend on an annualized basis and a yield of 2.64%. This is an increase from Boardwalk Real Estate Investment Trust's previous monthly dividend of $0.12. Boardwalk Real Estate Investment Trust's dividend payout ratio is presently 10.66%.
About Boardwalk Real Estate Investment Trust
(
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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.
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