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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$85.88.

Several analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Raymond James dropped their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. Royal Bank of Canada decreased their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities reduced 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 report 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.

Boardwalk Real Estate Investment Trust Stock Up 1.5 %

BEI.UN stock opened at C$64.25 on Thursday. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$62.35 and a fifty-two week high of C$91.81. The stock has a fifty day moving average of C$69.33 and a 200-day moving average of C$75.77. The company has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 4.76, 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 Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 10.66%.

Insider Activity

In related news, Director Scott Andrew Morrison acquired 650 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Corporate 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.