Analysts’ Weekly Ratings Changes for Boardwalk Real Estate Investment Trust (BEI.UN)

Boardwalk Real Estate Investment Trust (TSE: BEI.UN) recently received a number of ratings updates from brokerages and research firms:

• 11/7/2024 – Boardwalk Real Estate Investment Trust had its price target lowered by analysts at TD Securities from C$100.00 to C$95.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Boardwalk Real Estate Investment Trust had its price target lowered by analysts at Raymond James from C$98.00 to C$91.00.
• 11/7/2024 – Boardwalk Real Estate Investment Trust had its price target lowered by analysts at Royal Bank of Canada from C$98.00 to C$90.00.
• 11/7/2024 – Boardwalk Real Estate Investment Trust had its price target lowered by analysts at Scotiabank from C$84.75 to C$81.75.
• 11/7/2024 – Boardwalk Real Estate Investment Trust had its price target lowered by analysts at National Bankshares, Inc. from C$96.00 to C$90.00.
• 10/28/2024 – Boardwalk Real Estate Investment Trust had its price target lowered by analysts at BMO Capital Markets from C$90.00 to C$87.00.
• 10/16/2024 – Boardwalk Real Estate Investment Trust had its price target lowered by analysts at Scotiabank from C$85.00 to C$84.75. They now have a “sector perform” rating on the stock.
• 10/9/2024 – Boardwalk Real Estate Investment Trust had its price target raised by analysts at National Bankshares, Inc. from C$93.00 to C$96.00.

Boardwalk Real Estate Investment Trust Trading Down 0.6 %

Shares of BEI.UN traded down C$0.40 during midday trading on Friday, hitting C$69.40. The stock had a trading volume of 119,182 shares, compared to its average volume of 123,965. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$64.40 and a fifty-two week high of C$91.81. The business has a 50-day simple moving average of C$81.08 and a two-hundred day simple moving average of C$76.72. The firm has a market cap of C$3.43 billion, a P/E ratio of 5.14, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Insider Buying and Selling

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on 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 corporate insiders.

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.