Analysts Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target at C$87.28

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$87.28.

A number of brokerages have commented on BEI.UN. National Bankshares decreased their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Raymond James lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th. CIBC raised their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, BMO Capital Markets cut their target price on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research note on Monday, October 28th.

Insider Activity

In related news, Senior Officer James Ha sold 8,100 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. 17.92% of the stock is currently owned by company insiders.

Boardwalk Real Estate Investment Trust Stock Down 0.6 %

BEI.UN opened at C$69.40 on Wednesday. Boardwalk Real Estate Investment Trust has a 12 month low of C$64.40 and a 12 month high of C$91.81. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The business’s 50-day moving average price is C$81.08 and its 200-day moving average price is C$76.72. The company has a market cap of C$3.43 billion, a P/E ratio of 5.14, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.07%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 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.