Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$87.28.

Several analysts recently weighed in on BEI.UN shares. CIBC upped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. National Bankshares dropped their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Scotiabank dropped their price objective on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. BMO Capital Markets dropped their price objective on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. Finally, Raymond James dropped their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th.

Insider Buying and Selling

In related news, Senior Officer James Ha sold 8,100 shares of the firm'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 insiders.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN stock traded down C$0.34 on Wednesday, hitting C$69.50. 108,237 shares of the company's stock were exchanged, compared to its average volume of 124,156. 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 12 month low of C$64.40 and a 12 month high of C$91.81. The stock has a market cap of C$3.43 billion, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a 50 day moving average of C$81.74 and a 200 day moving average of C$76.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.44 annualized dividend and a yield of 2.07%. Boardwalk Real Estate Investment Trust's dividend payout ratio is currently 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.