Buy, Sell or Hold: Boardwalk REIT (BEI.UN-T) — Stock Predictions at Stockchase

TSE:BEI.UN

48.62

0.23 (0.46%) 1d

Showing 1 to 15 of 170 entries

TOP PICK

A value name in the multi-family space for some time. Higher energy prices don't hurt a REIT with a lot of presence in Calgary and Edmonton. He is focused on demand and supply. What has plagued them is concessions, which are going away in Calgary. This puts it at worth north of $50. Shorts are going to have to cover. The set-up is pretty good. (Analysts’ price target is $53.92)

property mngmnt / investment

TOP PICK

Mostly in western Canada. Tougher geography to be in. A way to express optimism in that market. Concessions are going away, so we'll see substantial cashflow growth. Discount to NAV. Could be 30% upside, though some risk as it's tied to the vagaries of oil. Yield is 2.2%. (Analysts’ price target is $45.25)

property mngmnt / investment

BUY

Allan Tong’s Discover Picks Two weeks ago, Boardwalk reported that its occupancy rate was weathering Covid lockdowns. April 2021 occupancy clocked in at 95.7% and was 100 basis points higher than February 2021. Meanwhile, rental collections are on par with pre-Covid numbers. FFO, funds from operations, climbed 4.8% during the first three months of this year. The average PT for BEI.UN stock now stands at $43.50, offering 16.5% upside, based on five buys buys and three holds. The summer driving season, the economic reopening across Canada, and the return of commuting bode well for the Albertan oil economy and the other economies where Boardwalk operates. Though BEI.UN stock has rallied 37% this year already, there should be further upside, and investors can collect the 2.65% dividend in the meantime. Read 3 Enticing TSX Stocks: Banks, REITs and Tech for our full analysis.

property mngmnt / investment

PAST TOP PICK

(A Top Pick Jan 12/21, Up 9%) Irrationally hit hard on pandemic and oil price collapse. Cost of funding has dropped. Trades at a significant discount to NAV. Should get to the mid-upper $40s over the next year.

property mngmnt / investment

PAST TOP PICK

(A Top Pick Jan 29/20, Down 25%) His proxy for residential REITs. His top pick today.

property mngmnt / investment

TOP PICK

Best of the apartment REITs. Trades at a big discount to NAV. Rent collection rate is 99%. They're defensive. Holdings in Alberta benefit from a high-growth rate in the general economy as oil comes back. (Analysts’ price target is $40.02)

property mngmnt / investment

DON'T BUY

They collect 96% of their rents and cash flow is decent. But in REITs, you have fair market adjustments in your properties; they had breakdowns in Edmonton, Calgary and less so in Regina. BEI has a lot of exposure to the energy patch, though their actual numbers are okay, because these write-downs are not cash (unless they sell a building at a loss). The worst is probably over, but he can't predict what will happen in the oil sector.

property mngmnt / investment

DON'T BUY

They own in Montreal and Ontario, but their driving force is Alberta. But Alberta has challenges, so their unit value is well below NAV. He doesn't see BEI expanding anytime soon.

property mngmnt / investment

PAST TOP PICK

(A Top Pick Oct 25/19, Down 37%) It has had a tough couple of years here. It is a really good buy right now, trading at a 30% discount to net asset value. They were able to collect more than 95% of their rents. One day the value will shine through.

property mngmnt / investment

DON'T BUY

It's cheap, but not undervalued, but because their properties are in Alberta at a time when oil is out of favour by global markets. Look at CAP REIT which is in better regions. Location counts for a lot in a REIT. Alberta unfortunately is not the place to invest in now.

property mngmnt / investment

BUY

The residential sector of real estate is still in a good spot with high occupancy. The concern in March-April feared renters wouldn't make payments, and this concern is still priced into these stocks. But cash flow is still one of the best performers in real estate. Likes BEI's exposure to western Canada and have great assets. Capex spending will be lower in years to come. He also own Interrent which owns properties in Ontario and Quebec. Also own WPT REIT in the industrial space. BEI is trading at a big discount to NAV.

property mngmnt / investment

DON'T BUY

BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.

property mngmnt / investment

BUY

It is THE value stock in Canadian apartments. It trades at a discount and has been challenged. As they burn off every two weeks of free rent from past concessions, their earnings go up from 4 to 8%.

property mngmnt / investment

TOP PICK

It is trading at a significant discount to the other apartment REITs, due to its exposure to the Alberta market. He thinks this is a great asset class to own. The younger demographics in Alberta bodes well for rental demand, he figures. Yield 2.21% (Analysts’ price target is $53.66)

property mngmnt / investment

TOP PICK

Great management team in Alberta, who owns 25% of the shares. Their last earnings reported a 10% increase in profitability as they have reduced costs internally. The exposure in Calgary and Edmonton has stabilized. Their cost per door is almost half of its peer group. Yield 2.09% (Analysts’ price target is $52.10)

property mngmnt / investment

Showing 1 to 15 of 170 entries

Boardwalk REIT(BEI.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 8

Stockchase rating for Boardwalk REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Boardwalk REIT(BEI.UN-T) Frequently Asked Questions

What is Boardwalk REIT stock symbol?

Boardwalk REIT is a Canadian stock, trading under the symbol BEI.UN-T on the Toronto Stock Exchange (BEI.UN-CT). It is usually referred to as TSX:BEI.UN or BEI.UN-T

Is Boardwalk REIT a buy or a sell?

In the last year, 8 stock analysts published opinions about BEI.UN-T. 5 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Boardwalk REIT.

Is Boardwalk REIT a good investment or a top pick?

Boardwalk REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Boardwalk REIT.

Why is Boardwalk REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Boardwalk REIT worth watching?

8 stock analysts on Stockchase covered Boardwalk REIT In the last year. It is a trending stock that is worth watching.

What is Boardwalk REIT stock price?

On 2021-09-27, Boardwalk REIT (BEI.UN-T) stock closed at a price of $48.615.

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