Analysts Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT at C$85.88

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$85.88.

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

Insider Transactions at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 850 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$69.75 per share, for a total transaction of C$59,288.01. 17.92% of the stock is currently owned by corporate insiders.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN opened at C$62.67 on Thursday. Boardwalk Real Estate Investment Trust has a 52 week low of C$62.35 and a 52 week high of C$91.81. 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’s 50-day simple moving average is C$68.09 and its 200 day simple moving average is C$75.53. The firm has a market cap of C$3.10 billion, a price-to-earnings ratio of 4.64, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Dividend Announcement

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 paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

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.