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 been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$87.28.

A number of analysts have recently issued reports on BEI.UN shares. Raymond James cut their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. National Bankshares reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Scotiabank dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. BMO Capital Markets reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. Finally, TD Securities lowered their price target on shares of 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.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 850 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of C$69.75 per share, for a total transaction of C$59,288.01. Also, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total transaction of C$709,560.00. Company insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Stock Down 1.3 %

TSE:BEI.UN opened at C$68.78 on Friday. Boardwalk Real Estate Investment Trust has a twelve month low of C$67.19 and a twelve month high of C$91.81. The firm has a market capitalization of C$3.40 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The stock’s 50 day moving average price is C$75.29 and its two-hundred day moving average price is C$76.52.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.09%. Boardwalk Real Estate Investment Trust’s payout ratio is currently 10.66%.

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.