Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$87.28 Average Target Price from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$87.28.

Several research analysts have commented on the company. Royal Bank of Canada cut their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. TD Securities cut their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. National Bankshares cut their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets cut their target price on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. Finally, Raymond James cut their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 850 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$69.75 per share, for a total transaction of C$59,288.01. Company insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Trading Down 0.2 %

TSE BEI.UN opened at C$68.46 on Friday. 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 has a twelve month low of C$67.19 and a twelve month high of C$91.81. The company has a market cap of C$3.38 billion, a price-to-earnings ratio of 5.07, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The business’s fifty day moving average is C$74.62 and its 200 day moving average is C$76.47.

Boardwalk Real Estate Investment Trust Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.10%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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.