Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Consensus Rating of “Buy” from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$82.63.

Several equities analysts have recently weighed in on the company. TD Securities cut their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a report on Friday, December 12th. National Bankshares lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$82.50 and gave the company an “outperform” rating in a research note on Thursday. Finally, Raymond James Financial raised shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from C$80.00 to C$83.00 in a research report on Wednesday, January 14th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN stock opened at C$68.60 on Friday. The firm has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.10 and a 12-month high of C$75.37. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The firm has a fifty day moving average of C$65.77 and a 200-day moving average of C$67.46.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last posted its 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 return on equity of 15.71% and a net margin of 118.55%.The firm had revenue of C$160.77 million for the quarter. On average, equities research analysts forecast 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 issued a dividend of $0.135 per share. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, November 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.