BEI.UN-T
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.
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.
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.
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.
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.
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%.
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.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 5
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
In the last year, 5 stock analysts published opinions about BEI.UN-T. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Boardwalk REIT.
Boardwalk REIT was recommended as a Top Pick by Brian Madden on 2020-09-10. Read the latest stock experts ratings for Boardwalk REIT.
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.
5 stock analysts on Stockchase covered Boardwalk REIT In the last year. It is a trending stock that is worth watching.
On 2020-09-18, Boardwalk REIT (BEI.UN-T) stock closed at a price of $29.07.
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.