Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$79.50 Consensus Price Target from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$79.50.

BEI.UN has been the topic of several research reports. National Bank Financial cut their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Raymond James Financial cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from C$82.00 to C$80.00 in a research note on Friday, May 8th. TD lowered their price objective on shares of 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. Scotia cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Finally, Desjardins reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a report on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Stock Down 0.3%

BEI.UN stock opened at C$66.15 on Monday. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The stock has a market capitalization of C$3.44 billion, a P/E ratio of 72.69, a P/E/G ratio of 1.24 and a beta of 0.53. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$60.75 and a fifty-two week high of C$75.37. The business has a 50-day moving average of C$64.89 and a 200-day moving average of C$65.74.

Boardwalk Real Estate Investment Trust Dividend Announcement

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