Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$79.50.

BEI.UN has been the subject of a number of recent analyst reports. Scotia dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. Royal Bank Of Canada reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Raymond James Financial cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from C$82.00 to C$80.00 in a research note on Friday, May 8th. TD dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, National Bank Financial cut their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research note on Monday, April 20th.

Boardwalk Real Estate Investment Trust Stock Performance

Boardwalk Real Estate Investment Trust stock opened at C$67.20 on Monday. The firm has a market capitalization of C$3.49 billion, a P/E ratio of 73.85, a P/E/G ratio of 1.24 and a beta of 0.56. The stock has a fifty day moving average price of C$64.98 and a two-hundred day moving average price of C$65.66. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.75 and a 52-week high of C$75.37. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 181.32%.

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.