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 earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$87.28.

Several equities analysts have recently weighed in on the stock. Raymond James dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th. Scotiabank cut their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. TD Securities reduced 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 research note on Thursday, November 7th. Royal Bank of Canada lowered their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Finally, National Bankshares decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN opened at C$69.40 on Wednesday. The firm’s fifty day simple moving average is C$81.08 and its two-hundred day simple moving average is C$76.72. Boardwalk Real Estate Investment Trust has a 12 month low of C$64.40 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 stock has a market capitalization of C$3.43 billion, a P/E ratio of 5.14, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.44 annualized dividend and a yield of 2.07%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Insider Activity

In other news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$87.60, for a total transaction of C$709,560.00. 17.92% of the stock is owned by company insiders.

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.