Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$87.28.

A number of brokerages recently commented on BEI.UN. TD Securities decreased their price target 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. Royal Bank of Canada decreased 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. Raymond James lowered their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research note on Thursday, November 7th. Scotiabank reduced 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. Finally, National Bankshares lowered their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th.

Insider Activity

In related news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total transaction of C$709,560.00. Corporate insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN opened at C$69.84 on Wednesday. The company has a market cap of C$3.45 billion, a P/E ratio of 5.17, a P/E/G ratio of 1.24 and a beta of 1.76. The firm’s fifty day moving average price is C$82.04 and its two-hundred day moving average price is C$76.79. Boardwalk Real Estate Investment Trust has a one year low of C$64.40 and a one year high of C$91.81. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, October 31st. 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.