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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s share price hit a new 52-week low during mid-day 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.

Analyst Ratings Changes

Several research firms have weighed in on BEI.UN. National Bankshares lowered their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Royal Bank of Canada cut their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a 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 decreased their target price for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. 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 for the company in a research note on Thursday, November 7th. Finally, Scotiabank cut their target price on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of C$85.53.

Boardwalk Real Estate Investment Trust Stock Performance

The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock’s 50-day moving average price is C$65.06 and its 200-day moving average price is C$74.65. The company has a market capitalization of C$3.08 billion, a P/E ratio of 4.62, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 17th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Insider Activity

In other news, Director Scott Andrew Morrison bought 650 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Insiders own 17.92% of the company’s stock.

About Boardwalk Real Estate Investment Trust

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.