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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$87.28.

Several research analysts have recently issued reports on the company. TD Securities reduced their price objective on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. BMO Capital Markets reduced their price objective on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research note on Monday, October 28th. Raymond James reduced their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. National Bankshares reduced their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Finally, Scotiabank reduced their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$68.27 on Friday. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$67.19 and a fifty-two week high of C$91.81. The company has a market cap of C$3.37 billion, a PE ratio of 5.05, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The business has a 50-day simple moving average of C$73.94 and a two-hundred day simple moving average of C$76.41.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 2.11%. The ex-dividend date was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s payout ratio is currently 10.66%.

Insider Transactions at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison purchased 850 shares of Boardwalk Real Estate Investment Trust stock in a transaction on Thursday, November 14th. The shares were bought at an average price of C$69.75 per share, with a total value of C$59,288.01. Company insiders own 17.92% of the company’s stock.

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.