Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$89.90.

Several equities analysts recently commented on the stock. National Bankshares increased their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. TD Securities lifted their price objective on Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Raymond James lowered Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from C$96.00 to C$100.00 in a research note on Friday, September 6th. Royal Bank of Canada raised their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, CIBC increased their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust has a 52 week low of C$63.09 and a 52 week high of C$91.81. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The stock has a 50-day moving average price of C$82.52 and a 200 day moving average price of C$76.32. The stock has a market capitalization of C$4.30 billion, a price-to-earnings ratio of 6.66, a P/E/G ratio of 1.24 and a beta of 1.77.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, August 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.87%.

Insider Buying and Selling

In other news, Senior Officer James Ha sold 8,100 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. 17.94% of the stock is owned by 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.