Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$87.28.

Several research analysts recently issued reports on the stock. TD Securities reduced 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. Raymond James reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. Scotiabank lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. BMO Capital Markets dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. Finally, Royal Bank of Canada lowered 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.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, 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 owned by insiders.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock opened at C$69.84 on Wednesday. The business’s fifty day moving average is C$82.04 and its two-hundred day moving average is C$76.79. 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 firm has a market cap of C$3.45 billion, a P/E ratio of 5.17, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52 week low of C$64.40 and a 52 week high of C$91.81.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 10.66%.

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.