Brokerages Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT at C$79.50

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$79.50.

BEI.UN has been the topic of a number of analyst reports. Raymond James Financial downgraded Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from C$82.00 to C$80.00 in a report on Friday, May 8th. Desjardins cut their price target 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. TD cut their price target 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. Scotiabank cut their price target 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. Finally, Scotia cut their price target 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.

Boardwalk Real Estate Investment Trust Trading Up 0.6%

Shares of TSE BEI.UN opened at C$64.65 on Friday. 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 business has a fifty day simple moving average of C$64.98 and a two-hundred day simple moving average of C$65.37. The firm has a market cap of C$3.37 billion, a PE ratio of 71.04, a price-to-earnings-growth ratio of 1.24 and a beta of 0.40. Boardwalk Real Estate Investment Trust has a twelve month low of C$60.75 and a twelve month high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its earnings results on Friday, February 20th. 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 firm had revenue of C$164.85 million for the quarter. Analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business 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. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 181.32%.

About Boardwalk Real Estate Investment Trust

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.