TD Securities Cuts Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$85.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price decreased by TD Securities from C$88.00 to C$85.00 in a research report sent to investors on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust’s stock.

Separately, National Bankshares lifted their price target on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$83.50.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE:BEI.UN opened at C$62.40 on Friday. Boardwalk Real Estate Investment Trust has a one year low of C$59.10 and a one year high of C$75.37. The stock has a fifty day moving average of C$64.57 and a 200-day moving average of C$68.37. The company has a market capitalization of C$3.32 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 earnings per share (EPS) for the quarter. The business had revenue of C$160.77 million for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. As a group, equities analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 15th will be given a dividend of $0.135 per share. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 28th. Boardwalk Real Estate Investment Trust’s payout ratio is presently 31.90%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta.