Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Hits New 1-Year Low – Time to Sell?

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$60.27 and last traded at C$60.96, with a volume of 7069 shares trading hands. The stock had previously closed at C$60.42.

Analysts Set New Price Targets

Several research firms recently issued reports on BEI.UN. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. National Bankshares cut their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Raymond James decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. Royal Bank of Canada reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Finally, Scotiabank reduced their target price on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$84.98.

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 market capitalization of C$3.00 billion, a P/E ratio of 4.49, a P/E/G ratio of 1.24 and a beta of 1.76. The firm has a fifty day moving average of C$66.66 and a 200 day moving average of C$75.20.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 17th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.38%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 10.66%.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 850 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of C$69.75 per share, for a total transaction of C$59,288.01. Company 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.