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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$85.88.

Several analysts have recently issued reports on BEI.UN shares. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. 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. National Bankshares dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Scotiabank decreased their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Finally, Raymond James dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research note on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Trading Down 0.6 %

Shares of BEI.UN stock opened at C$64.91 on Thursday. The stock’s 50-day moving average price is C$68.78 and its 200-day moving average price is C$75.71. Boardwalk Real Estate Investment Trust has a 12-month low of C$62.35 and a 12-month high of C$91.81. The stock has a market capitalization of C$3.21 billion, a price-to-earnings ratio of 4.80, 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 17th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust’s payout ratio is currently 10.66%.

Insider Buying and Selling

In related news, Director Scott Andrew Morrison acquired 650 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were 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 company insiders.

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.