Brokerages Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Target Price at C$85.53

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$85.53.

BEI.UN has been the subject of several recent analyst reports. TD Securities dropped their price target 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 price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. National Bankshares cut their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Finally, Raymond James decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research note on Monday, January 13th.

Boardwalk Real Estate Investment Trust Stock Up 1.7 %

Shares of Boardwalk Real Estate Investment Trust stock opened at C$64.35 on Friday. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.53 and a 1 year high of C$91.81. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The company has a 50-day moving average of C$63.41 and a 200 day moving average of C$73.58. The firm has a market cap of C$3.18 billion, a price-to-earnings ratio of 4.76, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Friday, February 28th. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Insider Activity at Boardwalk Real Estate Investment Trust

In other news, Director Scott Andrew Morrison purchased 650 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost 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.

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.