Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Rating of “Moderate Buy” by Analysts

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

A number of brokerages have recently commented on BEI.UN. National Bankshares lowered their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Royal Bank of Canada decreased their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Scotiabank dropped their price objective 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 decreased their target price on shares of 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, Raymond James dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th.

Insider Activity

In other news, Director Scott Andrew Morrison acquired 850 shares of the firm’s stock in a transaction 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. Company insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN opened at C$64.91 on Thursday. The firm’s fifty day moving average is C$68.78 and its two-hundred day moving average is C$75.71. The firm has a market cap of C$3.21 billion, a price-to-earnings ratio of 4.80, a PEG ratio of 1.24 and a beta of 1.76. 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 one year low of C$62.35 and a one year high of C$91.81.

Boardwalk Real Estate Investment Trust Dividend Announcement

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