Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$83.50.

A number of brokerages have issued reports on BEI.UN. TD Securities cut their target price on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. National Bankshares lifted their price objective on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th.

Boardwalk Real Estate Investment Trust Trading Up 2.7%

TSE BEI.UN opened at C$64.32 on Thursday. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The stock has a market capitalization of C$3.43 billion, a P/E ratio of 13.15, a PEG ratio of 1.24 and a beta of 0.63. The firm’s 50-day moving average is C$64.26 and its two-hundred day moving average is C$68.23. Boardwalk Real Estate Investment Trust has a 12 month low of C$59.10 and a 12 month high of C$75.37.

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

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.135 dividend. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, November 28th. Boardwalk Real Estate Investment Trust’s payout ratio is currently 31.90%.

About Boardwalk Real Estate Investment Trust

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.