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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$87.28.

BEI.UN has been the topic of a number of research analyst reports. Raymond James cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. BMO Capital Markets dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. Scotiabank dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. Finally, TD Securities dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th.

Insider Transactions at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison purchased 850 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$69.75 per share, for a total transaction of C$59,288.01. Also, Senior Officer James Ha sold 8,100 shares of the business's stock in a transaction dated Monday, September 9th. The shares were 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 Trading Down 1.3 %

Boardwalk Real Estate Investment Trust stock traded down C$0.92 during trading hours on Friday, reaching C$68.78. 59,500 shares of the company's stock were exchanged, compared to its average volume of 125,020. 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$75.29 and its 200 day simple moving average is C$76.52. Boardwalk Real Estate Investment Trust has a twelve month low of C$67.19 and a twelve month high of C$91.81. The firm has a market capitalization of C$3.40 billion, a PE ratio of 5.09, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, October 31st. Boardwalk Real Estate Investment Trust's dividend payout ratio is currently 10.66%.

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.