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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$89.90.

BEI.UN has been the subject of a number of research reports. Scotiabank lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Raymond James downgraded Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from C$96.00 to C$100.00 in a research note on Friday, September 6th. TD Securities raised their price target 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. Finally, CIBC boosted 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 report on Thursday, August 1st.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$84.63 on Tuesday. 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 company has a market capitalization of C$4.18 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.77. Boardwalk Real Estate Investment Trust has a twelve month low of C$63.09 and a twelve month high of C$91.81. The business has a 50 day simple moving average of C$83.42 and a 200-day simple moving average of C$76.56.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, August 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 11.01%.

Insiders Place Their Bets

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

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.