Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Hits New 52-Week Low on Analyst Downgrade

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) reached a new 52-week low during trading on Tuesday after Raymond James lowered their price target on the stock from C$91.00 to C$82.00. The company traded as low as C$61.07 and last traded at C$61.80, with a volume of 137135 shares traded. The stock had previously closed at C$61.75.

A number of other research firms have also commented on BEI.UN. National Bankshares dropped their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. TD Securities dropped 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. Royal Bank of Canada dropped their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Finally, Scotiabank dropped their target price on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$84.98.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of C$64.76 per share, for a total transaction of C$42,094.98. Corporate insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Price 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 company has a 50 day moving average price of C$67.10 and a 200 day moving average price of C$75.27. The company has a market capitalization of C$3.06 billion, a P/E ratio of 4.58, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.44 annualized dividend and a yield of 2.33%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

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.