Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$90.18.

A number of equities analysts have recently weighed in on BEI.UN shares. Raymond James lowered Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from C$96.00 to C$100.00 in a research note on Friday, September 6th. TD Securities lifted their target price on Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Scotiabank decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. National Bankshares lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada increased their target price on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st.

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 Boardwalk Real Estate Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. Company insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Stock Down 2.3 %

Shares of BEI.UN opened at C$76.61 on Friday. The firm’s 50-day simple moving average is C$84.35 and its 200 day simple moving average is C$77.02. 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 firm has a market cap of C$3.78 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52 week low of C$63.64 and a 52 week high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, October 31st. Boardwalk Real Estate Investment Trust’s payout ratio 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.