Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$87.28 Average PT from Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$87.28.

A number of brokerages have issued reports on BEI.UN. National Bankshares decreased their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Royal Bank of Canada decreased their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. CIBC increased their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. BMO Capital Markets reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. Finally, TD Securities dropped their target price 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 research report on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock opened at C$70.17 on Wednesday. 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 fifty day simple moving average of C$80.41 and a 200-day simple moving average of C$76.69. The stock has a market cap of C$3.47 billion, a P/E ratio of 5.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 12-month low of C$64.40 and a 12-month high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.44 annualized dividend and a yield of 2.05%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 10.66%.

Insiders Place Their Bets

In related news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. Also, Director Scott Andrew Morrison acquired 850 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of C$69.75 per share, with a total value of C$59,288.01. 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.