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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$62.35 and last traded at C$62.75, with a volume of 5655 shares trading hands. The stock had previously closed at C$63.22.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BEI.UN shares. National Bankshares decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Scotiabank dropped their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Raymond James lowered their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th. BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Finally, TD Securities lowered their price objective 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 company. According to data from MarketBeat, Boardwalk Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of C$85.88.

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 company has a market cap of C$3.12 billion, a P/E ratio of 4.68, a PEG ratio of 1.24 and a beta of 1.76. The business’s 50 day simple moving average is C$68.32 and its 200 day simple moving average is C$75.62.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 17th will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, January 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 10.66%.

Insider Buying and Selling

In related news, Director Scott Andrew Morrison bought 650 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is currently owned by insiders.

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.