Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$85.53 Consensus PT from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$85.53.

Several equities research analysts have recently issued reports on BEI.UN shares. Royal Bank of Canada decreased their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. 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 dropped their price objective 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, BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock opened at C$64.35 on Friday. The firm has a market capitalization of C$3.18 billion, a PE ratio of 4.76, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.53 and a 52 week high of C$91.81. The firm’s 50-day simple moving average is C$63.41 and its 200 day simple moving average is C$73.58. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 2.24%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

Insider Buying and Selling

In related news, Director Scott Andrew Morrison bought 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is owned by corporate insiders.

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.