HOLD
Boardwalk REIT

Whole sector has been pushed down extensively, based on interest rates. This is unfair, as everything gets lumped into the same boat. This one is faring better. Longer term, will be OK. Generates income, good portfolio of assets. Yield is 1.9%.

property mngmnt / investment
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Boardwalk REIT
(A Top Pick Dec 13/22, Up 20.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BEI.UN has achieved its target at $61.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $50) to $54.

property mngmnt / investment
BUY
Boardwalk REIT

Great example of a company with the ability to increase its distribution. Apartments across Canada, with a focus (2/3 of its portfolio) on Alberta. Alberta has become the affordable market in Canada for both new Canadians and inter-provincial migration. Growing cashflow. 

property mngmnt / investment
PAST TOP PICK
Boardwalk REIT
(A Top Pick Apr 28/22, Down 3%)

Quite bullish on it. Still lots of runway, with stock trading at 20% discount to NAV. Occupancy has increased over 98%. 10% in leasing spreads. Foresees 8.5-12.5% income growth this year.

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Boardwalk REIT
(A Top Pick Dec 13/22, Up 14.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BEI.UN is progressing well.  To remain disciplined, we now recommend trailing up the stop (from $44.70) to $50.00.

property mngmnt / investment
PAST TOP PICK
Boardwalk REIT
(A Top Pick Jan 31/22, Up 2%)

It is in the Alberta market which has a great opportunity for attractive rents and affordability. Trades at a good discount to NAV which is growing as markets are recovering. Has a 98% occupancy rate and it can push for rent incentives.

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Boardwalk REIT
Stockchase Research Editor: Michael O'Reilly This is a play on Alberta's recovery, given the largest holdings in this REIT's portfolio of muli-family units resides there. It trades at 1.2x book value. We like how cash reserves have been growing, while debt has been aggressively repaid. Its yield is backed by a payout ratio under 20% of cash flow. We recommend a stop loss at $44.70, looking to achieve $61 -- upside potential over 19%. Yield 2.1% (Analysts’ price target is $60.57)
property mngmnt / investment
TOP PICK
Boardwalk REIT
He bought some CAP REIT, because housing demand is slowing, so he expects apartment rents to rise as rental demand climbs. Most assets are in western Canada which will see strong demand going into 2023. Such increases will protect cash flow and the dividend. (Analysts’ price target is $60.45)
property mngmnt / investment
PAST TOP PICK
Boardwalk REIT
(A Top Pick Nov 29/21, Down 8%) A year ago, interest rates were 2% lower. BEI hit a high last March. All things considered, this has done well. This is the play on multi-family REITs, focussed on Alberta. We're now seeing pricing power in Alberta given population growth. Trades at a double-digit discount to NAV. He sees nice cash-flow growth in 2023.
property mngmnt / investment
PAST TOP PICK
Boardwalk REIT
(A Top Pick Sep 27/21, Down 4%) Will continue to hold and would buy again. Believes company is well run with excellent management. Does not have to worry about rent controls as most of inventory is in Alberta (not likely to get rent control). Calgary and Edmonton are strong markets. Rising rent is good for real estate REITs. Population growth to Alberta is high.
property mngmnt / investment
PAST TOP PICK
Boardwalk REIT
(A Top Pick Jan 12/21, Up 40%) Bought in depths of pandemic, sold as it became fully valued. Better apartment REIT opportunities elsewhere. Loves management, they're long-term value creators.
property mngmnt / investment
BUY
Boardwalk REIT
Discount on valuation and comparable growth profile to CAR.UN. BEI.UN gives you potential for growth and for multiple expansion.
property mngmnt / investment
BUY
Boardwalk REIT
Allan Tong’s Discover Picks BEI.UN stocks sport only a 4.1x PE (Killam Apartment REIT trades at 5.9x), yet pay a 2.58% dividend, admittedly not the highest. (Killam pays 4.19%.) Also, daily volumes average only 145,000, so it’s not the most liquid asset out there. However, Boardwalk margins are attractive and comparable to its peers. Its profit margin is nearly 103% and ROI is 8.21%, which is in-line with the sector. Circling back to the oil boom, Boardwalk has been enjoying that tailwind. Current weakness in the TSX correction represents a buying opportunity. Read 3 defensive stocks to find stability with your money for our full analysis.
property mngmnt / investment
BUY
Boardwalk REIT
TCN has a unique concept, single-family rentals south of the border. Lots of traction. Valuation too hot. Long-term scalability might be tough. For good value and a higher dividend, look at AX.UN, BEI.UN, or REI.UN.
property mngmnt / investment
TOP PICK
Boardwalk REIT
Tailwind with 37% of its apartments in Edmonton and 17% in Calgary. Alberta doesn't have rent control. Clear line of sight to net operating income growth. Stock price should go up $10-15. Occupancy is up, so they have pricing power instead of relying on rental incentives. Big discount to NAV, solid management. Yield is 1.93%. (Analysts’ price target is $64.40)
property mngmnt / investment
Showing 1 to 15 of 188 entries

Boardwalk REIT(BEI.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 12

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, 12 stock analysts published opinions about BEI.UN-T. 11 analysts recommended to BUY the stock. 0 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?

12 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 2023-06-01, Boardwalk REIT (BEI.UN-T) stock closed at a price of $60.77.