Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Free Report) and United Dominion Realty Trust (NYSE:UDR – Get Free Report) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, dividends, analyst recommendations, profitability, earnings, valuation and risk.
Profitability
This table compares Boardwalk Real Estate Investment Trust and United Dominion Realty Trust’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Boardwalk Real Estate Investment Trust | 52.90% | 6.79% | 3.81% |
| United Dominion Realty Trust | 7.81% | 4.11% | 1.27% |
Analyst Recommendations
This is a summary of current ratings for Boardwalk Real Estate Investment Trust and United Dominion Realty Trust, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Boardwalk Real Estate Investment Trust | 0 | 1 | 0 | 0 | 2.00 |
| United Dominion Realty Trust | 0 | 8 | 4 | 0 | 2.33 |
Dividends
Boardwalk Real Estate Investment Trust pays an annual dividend of $1.17 per share and has a dividend yield of 2.3%. United Dominion Realty Trust pays an annual dividend of $1.72 per share and has a dividend yield of 4.7%. Boardwalk Real Estate Investment Trust pays out 34.1% of its earnings in the form of a dividend. United Dominion Realty Trust pays out 452.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. United Dominion Realty Trust has increased its dividend for 15 consecutive years. United Dominion Realty Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Volatility and Risk
Boardwalk Real Estate Investment Trust has a beta of 1.17, suggesting that its share price is 17% more volatile than the S&P 500. Comparatively, United Dominion Realty Trust has a beta of 0.88, suggesting that its share price is 12% less volatile than the S&P 500.
Insider and Institutional Ownership
97.8% of United Dominion Realty Trust shares are owned by institutional investors. 19.0% of Boardwalk Real Estate Investment Trust shares are owned by insiders. Comparatively, 3.4% of United Dominion Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Earnings & Valuation
This table compares Boardwalk Real Estate Investment Trust and United Dominion Realty Trust”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Boardwalk Real Estate Investment Trust | $440.33 million | 5.62 | $429.28 million | $3.43 | 14.69 |
| United Dominion Realty Trust | $1.67 billion | 7.28 | $89.58 million | $0.38 | 96.61 |
Boardwalk Real Estate Investment Trust has higher earnings, but lower revenue than United Dominion Realty Trust. Boardwalk Real Estate Investment Trust is trading at a lower price-to-earnings ratio than United Dominion Realty Trust, indicating that it is currently the more affordable of the two stocks.
Summary
United Dominion Realty Trust beats Boardwalk Real Estate Investment Trust on 9 of the 17 factors compared between the two stocks.
About Boardwalk Real Estate Investment Trust
Boardwalk REIT strives to be Canada’s friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and has evolved to capture the life cycle of all Resident Members. Boardwalk’s disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk REIT’s Trust Units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.
About United Dominion Realty Trust
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S. markets. As of December 31, 2023, UDR owned or had an ownership position in 60,336 apartment homes including 359 homes under development. For over 51 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents and the highest quality experience for Associates.
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