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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$85.53.

Several equities research analysts have issued reports 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 dropped their price objective for the company from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Raymond James dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Scotiabank cut their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. TD Securities lowered their price objective on 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. Finally, Royal Bank of Canada cut their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE BEI.UN opened at C$63.25 on Friday. The firm has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a one year low of C$59.53 and a one year high of C$91.81. The business has a fifty day simple moving average of C$63.48 and a 200 day simple moving average of C$73.74. 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 firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a yield of 2.28%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

Insider Activity at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison acquired 650 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of C$64.76 per share, with a total value of C$42,094.98. Insiders own 17.92% of the company’s stock.

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.