Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Hits New 52-Week Low – Time to Sell?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$67.15 and last traded at C$67.17, with a volume of 177721 shares changing hands. The stock had previously closed at C$67.72.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. National Bankshares decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. 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. TD Securities cut their target price 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 note on Thursday, November 7th. Raymond James lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.28.

Boardwalk Real Estate Investment Trust Price Performance

The company has a 50 day simple moving average of C$73.32 and a 200 day simple moving average of C$76.34. The company has a market capitalization of C$3.33 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. 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 was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

Insider Activity

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 850 shares of the stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of C$69.75 per share, for a total transaction of C$59,288.01. 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.