Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Rating of “Moderate Buy” by Brokerages
Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$84.31.
Several analysts recently issued reports on the stock. National Bankshares dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Raymond James decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. CIBC decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday. Finally, Royal Bank of Canada cut their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th.
Read Our Latest Analysis on Boardwalk Real Estate Investment Trust
Insider Transactions at Boardwalk Real Estate Investment Trust
In related news, Director Scott Andrew Morrison acquired 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred 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 Stock Up 1.6 %
BEI.UN stock opened at C$64.59 on Friday. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.53 and a 52 week high of C$91.81. The stock has a market capitalization of C$3.19 billion, a P/E ratio of 4.78, a P/E/G ratio of 1.24 and a beta of 1.76. 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 has a 50-day simple moving average of C$63.32 and a 200-day simple moving average of C$73.47.
Boardwalk Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, February 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.
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