Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$87.28 Average PT from Brokerages

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$87.28.

Several equities analysts recently commented on the company. TD Securities dropped 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. National Bankshares lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Raymond James lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th. BMO Capital Markets lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. Finally, Scotiabank lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, Director Scott Andrew Morrison bought 850 shares of the stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of C$69.75 per share, with a total value of C$59,288.01. 17.92% of the stock is owned by company insiders.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock opened at C$68.46 on Friday. Boardwalk Real Estate Investment Trust has a 12 month low of C$67.19 and a 12 month high of C$91.81. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The business’s 50 day simple moving average is C$74.62 and its 200 day simple moving average is C$76.47. The company has a market cap of C$3.38 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, October 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.