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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$85.53.

Several research firms recently weighed in on BEI.UN. Raymond James cut their price target on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. TD Securities decreased 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 research report on Thursday, November 7th. Royal Bank of Canada reduced their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and cut their price target for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Finally, National Bankshares reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th.

Boardwalk Real Estate Investment Trust Trading Up 1.7 %

Boardwalk Real Estate Investment Trust stock traded up C$1.10 during trading hours on Friday, reaching C$64.35. 191,485 shares of the company's stock were exchanged, compared to its average volume of 151,678. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.53 and a twelve month high of C$91.81. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The firm's 50 day simple moving average is C$63.48 and its 200 day simple moving average is C$73.74. The firm has a market capitalization of C$3.18 billion, a PE ratio of 4.76, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 2.24%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is presently 10.66%.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison acquired 650 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price 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.

Boardwalk Real Estate Investment Trust Company Profile

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.