Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares Pass Below 200 Day Moving Average - Here's Why

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) 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 changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Scotiabank decreased their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. National Bankshares cut 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. Royal Bank of Canada decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Finally, TD Securities lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$85.53.

Boardwalk Real Estate Investment Trust Stock Performance

The company has a 50-day simple moving average of C$63.96 and a two-hundred day simple moving average of C$74.12. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The firm has a market capitalization of C$3.16 billion, a P/E ratio of 4.74, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a yield of 2.25%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is currently 10.66%.

Insider Buying and Selling 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 shares were bought at an average cost 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.