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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$89.90.

A number of research analysts recently issued reports on the stock. National Bankshares boosted their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$93.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. CIBC upped their price objective 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 report on Thursday, August 1st. TD Securities raised their target price on Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Raymond James lowered Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from C$96.00 to C$100.00 in a research report on Friday, September 6th. Finally, Scotiabank increased their price target on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st.

Boardwalk Real Estate Investment Trust Trading Up 1.2 %

Shares of BEI.UN stock opened at C$85.66 on Tuesday. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$63.09 and a fifty-two week high of C$91.81. 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 stock has a 50 day simple moving average of C$83.42 and a two-hundred day simple moving average of C$76.56. The company has a market cap of C$4.23 billion, a P/E ratio of 6.51, a PEG ratio of 1.24 and a beta of 1.77.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, August 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 11.01%.

Insider Activity at Boardwalk Real Estate Investment Trust

In related news, Senior Officer James Ha sold 8,100 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. 17.92% of the stock is owned by insiders.

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.