Boardwalk REIT (BEI.UN-T) Stock Predictions - Stockchase
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Boardwalk REIT (BEI.UN-T)

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Boardwalk REIT

BEI.UN-T

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Boardwalk REIT (BEI.UN-T) SAVE Mar, 23, 2019, 9:08 am

40.75 0.07 (0.17%)

About Boardwalk REIT (BEI.UN-T)

Boardwalk Real Estate Investment Trust is an open-ended real estate investment trust that owns Boardwalk Communities, Structures Metropolitaines, and Boardwalk Retirement Community. More at Wikipedia

What the experts are saying about BEI.UN-T



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Signal Opinion Expert
HOLD
Boardwalk REIT(BEI.UN-T) 

March 20, 2019

He really likes it and its management who run 25% of the company. Problem is, they are recovering in Alberta, and so now BEI.UN IS shifting to Ontario, namely the GTA. Rents are rising except in Alberta (stable, not rising). He hopes this turns around.
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He really likes it and its management who run 25% of the company. Problem is, they are recovering in Alberta, and so now BEI.UN IS shifting to Ontario, namely the GTA. Rents are rising except in Alberta (stable, not rising). He hopes this turns around.
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$40.710
Owned Owned
Unknown

COMMENT
Boardwalk REIT(BEI.UN-T) 

November 1, 2018

REITs have performed pretty well here. This is going to be a choppy period. It is a safe haven for portfolio managers to hide in. He prefers others such as AP.UN-T or REI.UN-T.
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REITs have performed pretty well here. This is going to be a choppy period. It is a safe haven for portfolio managers to hide in. He prefers others such as AP.UN-T or REI.UN-T.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$49.360
Owned Owned
Unknown

DON'T BUY
Boardwalk REIT(BEI.UN-T) 

September 11, 2018

The are focused on multi-family buildings in Western Canada (60% Alberta, 10% Saskatchewan). The stock has appreciated significantly over the past year, reflecting the improvement in the Alberta economy. They are now offering smaller move-in incentives because demand has improved. Over the long run, what will drive this stock will be the economy of Alberta, and so an investor should buy the stock (or not) based on their opinion of the Alberta economy’s future. The company is well-managed but its yield is only about 2%. She sees the stock as fully valued, with a yield that is too low for an income investor. Yield 2%. 

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The are focused on multi-family buildings in Western Canada (60% Alberta, 10% Saskatchewan). The stock has appreciated significantly over the past year, reflecting the improvement in the Alberta economy. They are now offering smaller move-in incentives because demand has improved. Over the long run, what will drive this stock will be the economy of Alberta, and so an investor should buy the stock (or not) based on their opinion of the Alberta economy’s future. The company is well-managed but its yield is only about 2%. She sees the stock as fully valued, with a yield that is too low for an income investor. Yield 2%. 

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$50.350
Owned Owned
No

HOLD
Boardwalk REIT(BEI.UN-T) 

August 24, 2018

Yields just under 2% so not being rewarded to hold stock if it moves down.   Has broken out  from a lid since 2016, which is a bullish indicator.  It is probably over bought. It may pull back a bit.  

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Yields just under 2% so not being rewarded to hold stock if it moves down.   Has broken out  from a lid since 2016, which is a bullish indicator.  It is probably over bought. It may pull back a bit.  

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$51.280
Owned Owned
No

BUY
Boardwalk REIT(BEI.UN-T) 

August 21, 2018

Has room to run. As in 2016, it saw a sharp uptrend, then a consolidation as the market needed time to digest that move, before it pushed higher. All bond proxies are starting to move up after a downtrend.

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Has room to run. As in 2016, it saw a sharp uptrend, then a consolidation as the market needed time to digest that move, before it pushed higher. All bond proxies are starting to move up after a downtrend.

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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$51.450
Owned Owned
Unknown

PAST TOP PICK
Boardwalk REIT(BEI.UN-T) 

June 20, 2018

(Past Top Pick, January 23, 2017, Up 2%) He's looking closely at this after selling it. It's a good derivatives trade on oil improving and money returning to Alberta. The only problem is there hasn't been an absorption of new properties in Alberta yet though we likely will later this year.

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(Past Top Pick, January 23, 2017, Up 2%) He's looking closely at this after selling it. It's a good derivatives trade on oil improving and money returning to Alberta. The only problem is there hasn't been an absorption of new properties in Alberta yet though we likely will later this year.

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$45.960
Owned Owned
No

PAST TOP PICK
Boardwalk REIT(BEI.UN-T) 

October 19, 2017

(A Top Pick Sept 20/16. Down 15%.) Continues to like this because it is a relatively defensive asset class, lower income Housing. Western Canada has been particularly challenged given the downturn in energy. The market has been a little overreacting to the downturn. The benefit is that it has a relatively short lease term. Trades at a significant discount to NAV. Continue to Hold if you own. Dividend yield of 5.6%.

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(A Top Pick Sept 20/16. Down 15%.) Continues to like this because it is a relatively defensive asset class, lower income Housing. Western Canada has been particularly challenged given the downturn in energy. The market has been a little overreacting to the downturn. The benefit is that it has a relatively short lease term. Trades at a significant discount to NAV. Continue to Hold if you own. Dividend yield of 5.6%.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$40.150
Owned Owned
Yes

HOLD
Boardwalk REIT(BEI.UN-T) 

September 13, 2017

Missed very big last quarter. One problem is that most assets are in Calgary, Edmonton and Saskatchewan, and the rental market there has been incredibly weak. There are signs of stabilization. The trouble is they are competing with condos, and they have large buildings. Last quarter, they came out with a significant amount of capital expenditures they have to put into their buildings. The positive is that they have a balance sheet that allows them to do CapX spending. Fantastic management and they are the biggest shareholder. Getting closer to the bottom and there is some stabilization. If you own, stick with it, but don’t buy it. Distribution yield is 5.7%, which he thinks is pretty safe.

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Missed very big last quarter. One problem is that most assets are in Calgary, Edmonton and Saskatchewan, and the rental market there has been incredibly weak. There are signs of stabilization. The trouble is they are competing with condos, and they have large buildings. Last quarter, they came out with a significant amount of capital expenditures they have to put into their buildings. The positive is that they have a balance sheet that allows them to do CapX spending. Fantastic management and they are the biggest shareholder. Getting closer to the bottom and there is some stabilization. If you own, stick with it, but don’t buy it. Distribution yield is 5.7%, which he thinks is pretty safe.

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$39.030
Owned Owned
No

DON'T BUY
Boardwalk REIT(BEI.UN-T) 

August 24, 2017

He does not own any of the REITs.  He backed away because of rising interest rates.  He worries about commercial REITs in light of what AMZN-Q is doing.  BEI.UN-T is in Calgary and he thinks that area will lift again.

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He does not own any of the REITs.  He backed away because of rising interest rates.  He worries about commercial REITs in light of what AMZN-Q is doing.  BEI.UN-T is in Calgary and he thinks that area will lift again.

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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$40.400
Owned Owned
No

TOP PICK
Boardwalk REIT(BEI.UN-T) 

January 23, 2017

A controversial call, because somebody downgraded it recently, which took the stock down a little. The yield is good and he likes management. A pristine balance sheet. Real estate is a laggard area, and he expects that part of the market to improve. Next 2 quarters are probably not going to be great and he is expecting a trough in Q2, which is when you really want to be in this, but you have to be 6 months ahead of that because the market is already looking for this. There is a 20% Short interest on this out of the US. Dividend yield of 4.70%. (Analysts’ price target is $46.68.)

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A controversial call, because somebody downgraded it recently, which took the stock down a little. The yield is good and he likes management. A pristine balance sheet. Real estate is a laggard area, and he expects that part of the market to improve. Next 2 quarters are probably not going to be great and he is expecting a trough in Q2, which is when you really want to be in this, but you have to be 6 months ahead of that because the market is already looking for this. There is a 20% Short interest on this out of the US. Dividend yield of 4.70%. (Analysts’ price target is $46.68.)

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$47.030
Owned Owned
Yes

DON'T BUY
Boardwalk REIT(BEI.UN-T) 

November 17, 2016

This is entirely about the Alberta economy and oil exposure. There are no other problems in this REIT. There was so much overheating in the oil economy in Alberta and Regina, and it weighed on this REIT. It is going to continue to disappoint. He owns a very small piece.

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This is entirely about the Alberta economy and oil exposure. There are no other problems in this REIT. There was so much overheating in the oil economy in Alberta and Regina, and it weighed on this REIT. It is going to continue to disappoint. He owns a very small piece.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$43.380
Owned Owned
Yes

TOP PICK
Boardwalk REIT(BEI.UN-T) 

September 20, 2016

Trades at a huge discount to replacement value, which he pegs at around $65. Apartments are a defensive asset class and this is a good example. If you are worried about house prices declining in Western Canada, people are going to rent instead of buy. You should see occupancy go up in low income Housing, which is where this company really benefits. 80% of the Net Operating Income comes from Alberta and Saskatchewan, which is why it trades at a sizable discount. Exceptional management team which owns 25% of the company. Dividend yield of 4.5%.

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Trades at a huge discount to replacement value, which he pegs at around $65. Apartments are a defensive asset class and this is a good example. If you are worried about house prices declining in Western Canada, people are going to rent instead of buy. You should see occupancy go up in low income Housing, which is where this company really benefits. 80% of the Net Operating Income comes from Alberta and Saskatchewan, which is why it trades at a sizable discount. Exceptional management team which owns 25% of the company. Dividend yield of 4.5%.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$49.950
Owned Owned
Yes

WAIT
Boardwalk REIT(BEI.UN-T) 

September 2, 2016

(Market Call Minute.) Calgary apartments. If you are a long term holder, maybe just wait. Stay on the sidelines for a little while. They may have a write-down in the future.

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(Market Call Minute.) Calgary apartments. If you are a long term holder, maybe just wait. Stay on the sidelines for a little while. They may have a write-down in the future.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$51.480
Owned Owned
Unknown

PAST TOP PICK
Boardwalk REIT(BEI.UN-T) 

August 18, 2016

(Top Pick Nov 26/15, Up 12.38%) Largest apartment REIT in Canada.  There have been some concerns about lowering rents and marginally decreasing occupancy.  There was noise from Fort McMurray.  Net asset value is $66.  They had a special dividend last year.  They have a big short position.  It is an extremely well run company and he is buying on weakness.

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(Top Pick Nov 26/15, Up 12.38%) Largest apartment REIT in Canada.  There have been some concerns about lowering rents and marginally decreasing occupancy.  There was noise from Fort McMurray.  Net asset value is $66.  They had a special dividend last year.  They have a big short position.  It is an extremely well run company and he is buying on weakness.

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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$50.250
Owned Owned
Yes

BUY
Boardwalk REIT(BEI.UN-T) 

July 28, 2016

(Market Call Minute) There was an overreaction when oil got below $40.  It will be a challenge to figure out if they will stabilize occupancy by lowering rents.

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(Market Call Minute) There was an overreaction when oil got below $40.  It will be a challenge to figure out if they will stabilize occupancy by lowering rents.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$55.390
Owned Owned
Yes

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