Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as C$59.53 and last traded at C$61.15, with a volume of 26492 shares changing hands. The stock had previously closed at C$62.65.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. TD Securities lowered their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Scotiabank decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and dropped their price target for the company from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Royal Bank of Canada lowered their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$85.53.
Get Our Latest Research Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Performance
The firm has a market cap of C$3.21 billion, a PE ratio of 4.81, a PEG ratio of 1.24 and a beta of 1.76. The company has a 50-day simple moving average of C$64.64 and a two-hundred day simple moving average of C$74.48. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.
Boardwalk Real Estate Investment Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 17th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust's dividend payout ratio is 10.66%.
Insider Buying and Selling at Boardwalk Real Estate Investment Trust
In other news, Director Scott Andrew Morrison purchased 850 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$69.75 per share, with a total value of C$59,288.01. Corporate insiders own 17.92% of the company's stock.
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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