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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$87.28.

BEI.UN has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. CIBC boosted their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. TD Securities dropped their price objective 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 note on Thursday, November 7th. Scotiabank reduced their target price on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Finally, Raymond James cut their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN stock opened at C$69.40 on Wednesday. The stock has a 50-day moving average price of C$80.75 and a two-hundred day moving average price of C$76.70. Boardwalk Real Estate Investment Trust has a 1 year low of C$64.40 and a 1 year high of C$91.81. The stock has a market cap of C$3.43 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$87.60, for a total transaction of C$709,560.00. 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.