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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation 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$84.31.

A number of brokerages recently weighed in on BEI.UN. National Bankshares cut their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. CIBC cut their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday. Raymond James cut their price target on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Royal Bank of Canada cut their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE:BEI.UN opened at C$63.96 on Friday. The company has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 4.73, a P/E/G ratio of 1.24 and a beta of 1.76. The firm’s 50 day simple moving average is C$63.30 and its 200 day simple moving average is C$73.25. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. 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.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a $1.44 annualized dividend and a yield of 2.25%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 10.66%.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of C$64.76 per share, with a total value of C$42,094.98. Company 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.