Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$84.07.

A number of analysts recently commented on BEI.UN shares. Scotiabank lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th. CIBC lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. Raymond James cut their target price on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Finally, BMO Capital Markets cut 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.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$66.51 on Tuesday. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.53 and a fifty-two week high of C$91.81. The company has a market cap of C$3.29 billion, a PE ratio of 4.92, a P/E/G ratio of 1.24 and a beta of 1.76. 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 business has a 50-day simple moving average of C$63.55 and a two-hundred day simple moving average of C$71.93.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, February 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Insider Activity

In other news, Director Scott Andrew Morrison purchased 650 shares of the company’s 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. Insiders own 17.92% of the company’s stock.

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.