Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Rating 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 ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$83.50.

A number of research firms have recently weighed in on BEI.UN. TD Securities dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. National Bankshares boosted their target price 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 Stock Performance

Shares of BEI.UN opened at C$68.58 on Monday. The company’s 50 day moving average price is C$64.11 and its 200 day moving average price is C$67.71. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.10 and a 52 week high of C$75.37. The company has a market capitalization of C$3.65 billion, a PE ratio of 14.02, a PEG ratio of 1.24 and a beta of 0.67. 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 released its earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 earnings per share (EPS) for the quarter. The company had revenue of C$160.77 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. Research analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 2.4%. Boardwalk Real Estate Investment Trust’s payout ratio is presently 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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.