Boardwalk REIT (TSE:BEI.UN) Shares Pass Above Two Hundred Day Moving Average of $0.00

Boardwalk REIT (TSE:BEI.UN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $42.09. Boardwalk REIT shares last traded at $42.08, with a volume of 1,637 shares.

Separately, National Bank Financial upped their target price on shares of Boardwalk REIT from C$43.00 to C$45.50 and gave the company a “sector perform” rating in a research note on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$48.39.

The company has a 50-day simple moving average of C$40.93. The company has a current ratio of 0.09, a quick ratio of 0.05 and a debt-to-equity ratio of 91.58. The company has a market capitalization of $1.95 billion and a P/E ratio of 23.06.

In related news, Senior Officer Lisa Maureen Russell sold 1,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of C$39.55, for a total transaction of C$39,550.00. Following the completion of the transaction, the insider now owns 10,289 shares in the company, valued at C$406,929.95.

Boardwalk REIT Company Profile (TSE:BEI.UN)

Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.

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