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 been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$79.50.

Several research analysts have weighed in on BEI.UN shares. Scotiabank reduced their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating on the stock in a report on Monday, February 23rd. Scotia reduced their target price on Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Desjardins reduced their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Royal Bank Of Canada reduced their target price on Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, TD reduced their target price on Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Stock Up 1.3%

Shares of Boardwalk Real Estate Investment Trust stock opened at C$65.48 on Thursday. 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 has a 12 month low of C$60.75 and a 12 month high of C$75.37. The business has a fifty day simple moving average of C$65.17 and a 200 day simple moving average of C$65.39. The stock has a market cap of C$3.40 billion, a PE ratio of 71.96, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, May 29th. Boardwalk Real Estate Investment Trust’s payout ratio is 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.