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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$85.53.

BEI.UN has been the topic of several analyst reports. 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. National Bankshares lowered 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. TD Securities decreased their target price 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 lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada cut their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a 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 purchased 850 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost 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 Price Performance

Shares of BEI.UN stock opened at C$62.02 on Monday. The firm’s 50 day moving average price is C$65.82 and its two-hundred day moving average price is C$74.92. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.27 and a 52-week high of C$91.81. The stock has a market cap of C$3.06 billion, a PE ratio of 4.59, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 17th will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, January 31st. Boardwalk Real Estate Investment Trust’s payout ratio is 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.