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Centre Pointe West Boardwalk Rental Communities Boardwalk REITs (Handout/Boardwalk REIT)
Centre Pointe West Boardwalk Rental Communities Boardwalk REITs (Handout/Boardwalk REIT)

StockReports+

Stock analysis: This REIT scores a 9 out of 10 Add to ...

StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries. Globe Unlimited subscribers get unlimited access to these reports from about 7,000 companies, which normally retail for $25 each.

StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading.

Boardwalk Real Estate Investment Trust.

Friday's closing price: $51.99, down $1.17, 2.20 per cent

FOR A DOWNLOAD OF THE FULL REPORT, CLICK HERE

Overall score: 9

BEI.UN’s current score places it within the top 15 per cent of stocks scored. The score category for Boardwalk Real Estate improved from Neutral to Positive during the past week. The recent change in the Average Score was due to an improvement in the Fundamental, Earnings, and Price Momentum component scores.

Component scores:

9: Earnings: The Earnings Rating for Boardwalk Real Estate improved significantly over the past week from 7 to 9. The current rating is considerably more bullish than the Residential REITs industry average of 6.5. Over the past 3 quarters, the company has reported 2 positive, 1 negative, and 0 in-line surprises. The average surprise for this time period has been 4.2 per cent.

9: Fundamental: The Fundamental Rating for Boardwalk Real Estate improved significantly over the last quarter from 7 to 9. The current rating is considerably more bullish than the Residential industry group, with has an average of 6.9. The company’s revenue growth has been lower than its industry group average for each of the past five years. The company’s debt-to-capital has been lower than its industry group average for each of the past five years.

3: Relative valuation: BEI.UN’s price-to-sales ratio and trailing P/E are both significantly below (less expensive than) their 5-year averages. Based on price to sales, BEI.UN currently trades at a 22 per cent premium to its Residential REIT industry group peers. On average, the company has traded at a 27 per cent premium over the past five years. At 15.1, BEI.UN’s current trailing P/E is at a 48 per cent discount to the S&P/TSX composite index average of 28.9

9: Risk: Boardwalk Real Estate currently has a Risk Rating of 9 while the S&P/TSX composite index has an average rating of 7.9. On days when the market is up, BEI.UN tends to underperform versus the S&P/TSX composite index. Also, on days when the market is down, the shares generally decrease more than the index.

7: Price momentum: BEI.UN shares are currently trading 18.7 per cent above their 50-day moving average of $44.78, and 2.4 per cent above their 200-day moving average of $51.89.

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