TSE:BEI.UN
21.70
0.83
(3.98%)
Analysis and Opinions about BEI.UN-T
Signal
Opinion
Expert
BUY
BUY
March 5, 2020
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%.
Show full opinionHide full opinion
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%.
TOP PICK
TOP PICK
February 28, 2020
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)
Show full opinionHide full opinionIt 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)
TOP PICK
TOP PICK
January 29, 2020
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)
Show full opinionHide full opinionGreat 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)
TOP PICK
TOP PICK
December 10, 2019
They get hurt by the Calgary recession and remain exposed in the Prairies, but now it's too cheap. They have top-notch managers who own 25% of stock. What's changed recently is that Alberta is slightly improving. This trades at $150,000 per door vs. CAP REIT's $280,000 and Killam REIT at $230,000. Their incentives to get people in the door are waning (i.e. free rent for first month) Trades at a 10% discount to NAV when it should trade at or slightly above NAV. (Analysts’ price target is $51.60)
Show full opinionHide full opinionThey get hurt by the Calgary recession and remain exposed in the Prairies, but now it's too cheap. They have top-notch managers who own 25% of stock. What's changed recently is that Alberta is slightly improving. This trades at $150,000 per door vs. CAP REIT's $280,000 and Killam REIT at $230,000. Their incentives to get people in the door are waning (i.e. free rent for first month) Trades at a 10% discount to NAV when it should trade at or slightly above NAV. (Analysts’ price target is $51.60)
HOLD
HOLD
November 19, 2019
Range-bound. Don't sell. Stick between $35-50. It's not a trade, but a long-term hold.
Show full opinionHide full opinionRange-bound. Don't sell. Stick between $35-50. It's not a trade, but a long-term hold.
TOP PICK
TOP PICK
October 25, 2019
Over 75% of their income comes from Western Canada, which is starting to pick up. A $44 stock and the NAV could grow towards $50. Yield 2.22% (Analysts’ price target is $49.21)
Show full opinionHide full opinionOver 75% of their income comes from Western Canada, which is starting to pick up. A $44 stock and the NAV could grow towards $50. Yield 2.22% (Analysts’ price target is $49.21)
BUY
BUY
July 31, 2019
He likes this for its dominant position in Western Canada. A large cap REIT. It is a bet of the recovery in Calgary and Edmonton. At these price levels, the REIT is at a good entry level. It trades at a discount to book. Yield 2.4%
Show full opinionHide full opinionHe likes this for its dominant position in Western Canada. A large cap REIT. It is a bet of the recovery in Calgary and Edmonton. At these price levels, the REIT is at a good entry level. It trades at a discount to book. Yield 2.4%
DON'T BUY
DON'T BUY
June 20, 2019
Within his conservative portfolio he moved 15% into the REIT sector. He likes the sector. But you have to be selective. It is charting lower lows and lower highs. It has to break that downward trend. Maybe good only for the income.
Show full opinionHide full opinionWithin his conservative portfolio he moved 15% into the REIT sector. He likes the sector. But you have to be selective. It is charting lower lows and lower highs. It has to break that downward trend. Maybe good only for the income.
HOLD
HOLD
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.
Show full opinionHide full opinionHe 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.
COMMENT
COMMENT
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.
Show full opinionHide full opinionREITs 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.
DON'T BUY
DON'T BUY
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%.
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%.
HOLD
HOLD
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.
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.
BUY
BUY
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.
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.
PAST TOP PICK
PAST TOP PICK
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.
(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.
PAST TOP PICK
PAST TOP PICK
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%.
(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%.
Boardwalk REIT(BEI.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 5
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, 5 stock analysts published opinions about BEI.UN-T. 2 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Andrew Moffs on 2020-03-05. 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?
5 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 2020-03-27, Boardwalk REIT (BEI.UN-T) stock closed at a price of $21.7.
