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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$85.88.

Several analysts have issued reports on BEI.UN shares. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. National Bankshares decreased their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. TD Securities cut their price target on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Scotiabank reduced 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. Finally, Royal Bank of Canada lowered their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE:BEI.UN traded up C$0.21 during midday trading on Thursday, hitting C$64.46. The company's stock had a trading volume of 141,888 shares, compared to its average volume of 128,188. 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's 50 day simple moving average is C$69.01 and its 200 day simple moving average is C$75.69. The stock has a market capitalization of C$3.18 billion, a price-to-earnings ratio of 4.77, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$62.35 and a fifty-two week high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.23%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is currently 10.66%.

Insiders Place Their Bets

In related news, Director Scott Andrew Morrison bought 650 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of C$64.76 per share, for a total transaction of C$42,094.98. Company insiders own 17.92% of the company's stock.

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.