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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$83.75.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Desjardins upped their target price on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Raymond James Financial upped their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the stock an “outperform” rating in a report on Thursday, July 31st. TD Securities upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, National Bankshares upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock opened at C$65.80 on Wednesday. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.10 and a 52-week high of C$76.30. The firm has a market capitalization of C$3.51 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.24 and a beta of 0.64. The company has a fifty day simple moving average of C$68.97 and a 200-day simple moving average of C$68.66. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 24.96%.

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.