Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$81.19 Consensus Target Price from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$81.19.

BEI.UN has been the subject of a number of recent research reports. Scotiabank reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating for the company in a research note on Monday, February 23rd. BMO Capital Markets lowered their target price on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a research report on Monday, February 23rd. Raymond James Financial dropped their target price on Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating on the stock in a report on Monday, February 23rd. National Bank Financial reduced their price target on Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Finally, TD Securities decreased their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research note on Friday, December 12th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN stock opened at C$64.00 on Friday. 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’s fifty day simple moving average is C$65.93 and its 200-day simple moving average is C$65.91. The firm has a market cap of C$3.39 billion, a PE ratio of 16.67, a P/E/G ratio of 1.24 and a beta of 0.40. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its earnings results on Thursday, February 19th. The real estate investment trust reported C($1.21) 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$164.85 million during the quarter. Equities research analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be issued a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, April 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently 41.80%.

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.