Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Hits New 12-Month Low - What's Next?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$62.35 and last traded at C$62.75, with a volume of 5655 shares changing hands. The stock had previously closed at C$63.22.

Wall Street Analyst Weigh In

Several brokerages have commented on BEI.UN. National Bankshares dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Royal Bank of Canada lowered their price objective 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 target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Finally, TD Securities dropped their price target 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Boardwalk Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of C$85.88.

Boardwalk Real Estate Investment Trust Price Performance

The stock has a 50-day simple moving average of C$68.32 and a 200 day simple moving average of C$75.62. The stock has a market capitalization of C$3.10 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 17th will be given a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.30%. Boardwalk Real Estate Investment Trust's dividend payout ratio is currently 10.66%.

Insiders Place Their Bets

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of C$64.76 per share, with a total value of C$42,094.98. Company 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.