Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$85.53 Consensus Target Price from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus 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 rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$84.31.

Several research firms have commented on BEI.UN. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Scotiabank reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday. CIBC reduced 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. National Bankshares reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Finally, TD Securities reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other news, Director Scott Andrew Morrison bought 650 shares of the stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of C$64.76 per share, with a total value of C$42,094.98. 17.92% of the stock is owned by insiders.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN opened at C$63.96 on Friday. 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 company has a market capitalization of C$3.16 billion, a PE ratio of 4.73, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.53 and a 52 week high of C$91.81. The company’s 50 day moving average price is C$63.30 and its 200 day moving average price is C$73.25.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, February 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 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.