Boardwalk Real Estate Investment Trust (BEI.UN) Stock Price, News & Analysis

Company Overview

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. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and has evolved to capture the life cycle of all Resident Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk REIT's Trust Units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.

Key Stats

• Today's Range: C$64.34 to C$67.08
• 50-Day Range: C$67.38 to C$81.71
• 52-Week Range: C$64.34 to C$91.81
• Volume: 259,916 shs
• Average Volume: 125,702 shs
• Market Capitalization: C$3.20 billion
• P/E Ratio: 4.80
• Dividend Yield: 2.22%
• Price Target: C$87.28
• Consensus Rating: Moderate Buy

Boardwalk Real Estate Investment Trust Stock Analysis - MarketRank™

Boardwalk Real Estate Investment Trust scored higher than 76% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Boardwalk Real Estate Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Boardwalk Real Estate Investment Trust has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Boardwalk Real Estate Investment Trust is 4.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Boardwalk Real Estate Investment Trust is 4.79, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 269.61.

Price to Earnings Growth Ratio

Boardwalk Real Estate Investment Trust has a PEG Ratio of 1.24. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Boardwalk Real Estate Investment Trust has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BEI.UN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Boardwalk Real Estate Investment Trust pays a meaningful dividend of 1.83%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Boardwalk Real Estate Investment Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Boardwalk Real Estate Investment Trust is 10.66%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for BEI.UN.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.76

News Sentiment

Boardwalk Real Estate Investment Trust has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Boardwalk Real Estate Investment Trust this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Boardwalk Real Estate Investment Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$59,288.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

17.92% of the stock of Boardwalk Real Estate Investment Trust is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 39.67% of the stock of Boardwalk Real Estate Investment Trust is held by institutions.

BEI.UN Stock Analysis - Frequently Asked Questions

How have BEI.UN shares performed this year?

Boardwalk Real Estate Investment Trust's stock was trading at C$71.34 at the beginning of the year. Since then, BEI.UN shares have decreased by 9.2% and is now trading at C$64.78.
View the best growth stocks for 2024 here.

How do I buy shares of Boardwalk Real Estate Investment Trust?

Shares of BEI.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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Company Calendar

• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Dividend Payable: 11/15/2024
• Today: 12/18/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Residential
• Sub-Industry: N/A
• Current Symbol: TSE:BEI.UN
• CUSIP: N/A
• CIK: N/A
• Web: www.bwalk.com
• Phone: +1-403-5319255
• Fax: N/A
• Employees: 1,558
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$87.28
• High Stock Price Target: C$95.00
• Low Stock Price Target: C$80.00
• Potential Upside/Downside: +33.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$13.51
• Trailing P/E Ratio: 4.86
• Forward P/E Ratio: 14.74
• P/E Growth: 1.24
• Net Income: C$679.42 million
• Net Margins: 118.55%
• Pretax Margin: N/A
• Return on Equity: 15.71%
• Return on Assets: 2.31%

Debt

• Debt-to-Equity Ratio: 77.35
• Current Ratio: 0.23
• Quick Ratio: 0.04

Sales & Book Value

• Annual Sales: C$573.10 million
• Price / Sales: 5.66
• Cash Flow: C$0.61 per share
• Price / Cash Flow: 106.99
• Book Value: C$96.25 per share
• Price / Book: 0.68

Miscellaneous

• Outstanding Shares: 49,400,000
• Free Float: N/A
• Market Cap: C$3.24 billion
• Optionable: Not Optionable
• Beta: 1.76