Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$85.88 Average PT from Brokerages

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$85.88.

A number of research analysts have recently commented on the stock. Raymond James lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research note on Thursday, November 7th. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Scotiabank cut their target price on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. National Bankshares reduced their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada reduced their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th.

Insiders Place Their Bets

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 650 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Corporate insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Trading Up 1.3 %

Shares of TSE:BEI.UN opened at C$65.28 on Thursday. The company’s 50-day moving average price is C$68.78 and its two-hundred day moving average price is C$75.65. Boardwalk Real Estate Investment Trust has a one year low of C$62.35 and a one 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 stock has a market capitalization of C$3.22 billion, a PE ratio of 4.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.21%. Boardwalk Real Estate Investment Trust’s dividend 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.