Should I buy or sell Boardwalk REIT stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boardwalk REIT in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BEI.UN shares. View BEI.UN analyst ratings or view top-rated stocks .

What is Boardwalk REIT's stock price target for 2024?

8 Wall Street research analysts have issued twelve-month price targets for Boardwalk REIT's shares. Their BEI.UN share price targets range from C$80.00 to C$89.00. On average, they anticipate the company's share price to reach C$84.36 in the next year. This suggests a possible upside of 19.5% from the stock's current price. View analysts price targets for BEI.UN or view top-rated stocks among Wall Street analysts .

How have BEI.UN shares performed in 2024?

Boardwalk REIT's stock was trading at C$71.34 on January 1st, 2024. Since then, BEI.UN stock has decreased by 1.0% and is now trading at C$70.61. View the best growth stocks for 2024 here .

Is Boardwalk REIT a good dividend stock?

Boardwalk REIT (TSE:BEI.UN) pays an annual dividend of C$1.44 per share and currently has a dividend yield of 1.87%. The dividend payout ratio is 9.90%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for BEI.UN .

How do I buy shares of Boardwalk REIT?

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. Compare Top Brokerages Here .

TSE:BEI.UN

Boardwalk REIT (BEI.UN) Stock Price, News & Analysis

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C$70.61

-0.12 (-0.17%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$69.90
▼
C$70.95
50-Day Range: C$70.42
▼
C$80.02
52-Week Range: C$57.14
▼
C$80.10

Volume: 123,924 shs
Average Volume: 123,553 shs
Market Capitalization: C$3.49 billion

P/E Ratio: 4.86
Dividend Yield: 2.04%
Price Target: C$84.36

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

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Boardwalk REIT MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 19.5% Upside
C$84.36 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
C$9,800 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.48 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Boardwalk REIT 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 REIT has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

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

1.7

Dividend Strength

Dividend Yield
Boardwalk REIT pays a meaningful dividend of 1.87%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Boardwalk REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Boardwalk REIT is 9.90%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BEI.UN.

2.8

News and Social Media Coverage

News Sentiment
Boardwalk REIT has a news sentiment score of 1.05. 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 0.50 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Boardwalk REIT this week, compared to 0 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Boardwalk REIT insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$9,800.00 in company stock.
Percentage Held by Insiders
17.94% of the stock of Boardwalk REIT is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
40.49% of the stock of Boardwalk REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Boardwalk REIT is 4.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boardwalk REIT is 4.86, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 208.94.
Price to Earnings Growth Ratio
Boardwalk REIT 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 REIT has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Boardwalk REIT Stock (TSE:BEI.UN)

Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities. Boardwalk REIT is vertically integrated and is Canada's leading owner/operator of multi-family communities bringing Residents home to properties located in Alberta, Saskatchewan, Ontario, and Quebec. Boardwalk REIT's Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.

BEI.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BEI.UN Stock News Headlines

April 18, 2024 | americanbankingnews.com

Boardwalk REIT (TSE:BEI.UN) Shares Pass Above 200 Day Moving Average of $70.78

April 10, 2024 | americanbankingnews.com

Boardwalk REIT (TSE:BEI.UN) Stock Price Crosses Above Two Hundred Day Moving Average of $70.54

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

March 26, 2024 | finanznachrichten.de

Boardwalk Real Estate Investment Trust: Boardwalk Reit Announces Transition Of Chief Financial Officer Role

February 22, 2024 | finance.yahoo.com

BOARDWALK REIT REPORTS STRONG RESULTS FOR 2023 AND INTRODUCES GUIDANCE FOR 2024

January 4, 2024 | finance.yahoo.com

BOARDWALK REIT PROVIDES AN OPERATIONAL UPDATE WITH CONTINUED STRENGTH IN SAME PROPERTY REVENUE GROWTH AND TIMING OF FOURTH QUARTER RESULTS

November 4, 2023 | msn.com

Appleseed Fund 2023 Annual Letter

October 4, 2023 | finance.yahoo.com

BOARDWALK REIT PROVIDES OPERATIONAL UPDATE AND ANNOUNCES TIMING OF RELEASE OF ITS 2023 THIRD QUARTER FINANCIAL RESULTS

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

July 5, 2023 | theglobeandmail.com

Stocks in play: Boardwalk REIT

May 31, 2023 | msn.com

Boardwalk: U.S. Residential REITs Are More Compelling

May 12, 2023 | baystreet.ca

Atlas, Boardwalk REIT, Cascades at 52-Week Highs

May 9, 2023 | finance.yahoo.com

BOARDWALK REIT REPORTS STRONG RESULTS FOR Q1 2023 WITH HIGHEST SAME PROPERTY NET OPERATING INCOME GROWTH SINCE 2007

April 13, 2023 | msn.com

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April 13, 2023 | msn.com

2 Affordable Passive-Income Stocks That Pay Monthly

April 11, 2023 | theglobeandmail.com

Closing Bell: Boardwalk Real Estate Investment Trust up on Monday (BEI-UN)

April 7, 2023 | theglobeandmail.com

Closing Bell: Boardwalk Real Estate Investment Trust up on Thursday (BEI-UN)

March 24, 2023 | travel.usnews.com

Barbados Boardwalk

March 24, 2023 | travel.usnews.com

Atlantic City Boardwalk

March 1, 2023 | benzinga.com

RBC Capital Maintains Outperform on Boardwalk REIT, Raises Price Target to C$69

February 26, 2023 | seekingalpha.com

Boardwalk REIT reports Q4 results; initiates FY23 outlook

February 24, 2023 | msn.com

The Best Summer Fun At The Wildwood New Jersey Boardwalk

February 23, 2023 | nj.com

Longtime St. Patrick’s Day parade coming back to N.J. boardwalk, but it’ll be smaller

November 10, 2022 | seekingalpha.com

Boardwalk: Navigating Higher Rate Challenges

July 26, 2022 | seekingalpha.com

2 REITs That Will Soar

July 6, 2022 | finance.yahoo.com

BOARDWALK REIT PROVIDES OPERATIONAL UPDATE AND ANNOUNCES TIMING OF RELEASE OF ITS 2022 SECOND QUARTER FINANCIAL RESULTS

July 5, 2022 | seekingalpha.com

Boardwalk: 4 Reasons To Consider A Buy

See More Headlines

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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: 1,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$84.36
High Stock Price Target: C$89.00
Low Stock Price Target: C$80.00
Potential Upside/Downside: +19.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$14.54
Trailing P/E Ratio: 4.86
Forward P/E Ratio: 17.91
P/E Growth: 1.24
Net Income: C$666.10 million
Net Margins: 122.32%
Pretax Margin: N/A
Return on Equity: 17.11%
Return on Assets: 2.26%

Debt

Debt-to-Equity Ratio: 85.98
Current Ratio: 0.61
Quick Ratio: 0.04

Sales & Book Value

Annual Sales: C$544.55 million
Price / Sales: 6.40
Cash Flow: C$0.66 per share
Price / Cash Flow: 106.99
Book Value: C$87.47 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 49,390,000
Free Float: N/A
Market Cap: C$3.49 billion
Optionable: Not Optionable
Beta: 1.71

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Key Executives

Mr. Sam Kolias (Age 57)
Chairman & CEO
Mr. Roberto A. Geremia
Pres
Mr. William Wong
Chief Financial Officer
Mr. P. Dean Burns
VP, Gen. Counsel & Corp. Sec.
Ms. Elizabeth A. Russell (Age 56)
Sr. VP of Acquisitions & Corp. Devel.

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

BEI.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Boardwalk REIT stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boardwalk REIT in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BEI.UN shares.
View BEI.UN analyst ratings or view top-rated stocks.
What is Boardwalk REIT's stock price target for 2024?: 8 Wall Street research analysts have issued twelve-month price targets for Boardwalk REIT's shares. Their BEI.UN share price targets range from C$80.00 to C$89.00. On average, they anticipate the company's share price to reach C$84.36 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
View analysts price targets for BEI.UN or view top-rated stocks among Wall Street analysts.
How have BEI.UN shares performed in 2024?: Boardwalk REIT's stock was trading at C$71.34 on January 1st, 2024. Since then, BEI.UN stock has decreased by 1.0% and is now trading at C$70.61.
View the best growth stocks for 2024 here.

Is Boardwalk REIT a good dividend stock?: Boardwalk REIT (TSE:BEI.UN) pays an annual dividend of C$1.44 per share and currently has a dividend yield of 1.87%. The dividend payout ratio is 9.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BEI.UN.
How do I buy shares of Boardwalk REIT?: 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.
Compare Top Brokerages Here.

This page (TSE:BEI.UN) was last updated on 4/18/2024 by MarketBeat.com Staff

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Boardwalk REIT (BEI.UN) Stock Price, News & Analysis

Boardwalk REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Boardwalk REIT Stock (TSE:BEI.UN)

BEI.UN Stock Price History

BEI.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BEI.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™