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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$90.18.

BEI.UN has been the topic of a number of recent research reports. Scotiabank decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. Raymond James cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from C$96.00 to C$100.00 in a research note on Friday, September 6th. Royal Bank of Canada boosted their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. TD Securities boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, CIBC upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

Insider Buying and Selling

In other news, Senior Officer James Ha sold 8,100 shares of the company’s stock in a transaction that occurred 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. 17.92% of the stock is currently owned by corporate insiders.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN opened at C$80.67 on Friday. 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 cap of C$3.99 billion, a P/E ratio of 5.97, a PEG ratio of 1.24 and a beta of 1.76. The company has a fifty day moving average price of C$84.42 and a 200 day moving average price of C$77.03. Boardwalk Real Estate Investment Trust has a one year low of C$63.64 and a one year high of C$91.81.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.79%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.