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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$84.07.

BEI.UN has been the topic of several research reports. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. CIBC decreased their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday, February 24th. Raymond James lowered their target price on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Finally, Scotiabank reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research report on Monday, February 24th.

Boardwalk Real Estate Investment Trust Stock Performance

TSE:BEI.UN opened at C$66.51 on Tuesday. The stock has a 50-day moving average price of C$63.55 and a 200 day moving average price of C$71.93. The stock has a market capitalization of C$3.29 billion, a P/E ratio of 4.92, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.53 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.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.44 annualized dividend and a yield of 2.17%. Boardwalk Real Estate Investment Trust’s payout ratio is currently 10.66%.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of C$64.76 per share, with a total value 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.