Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$81.50 Consensus Price Target from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$80.64.

A number of research analysts recently commented on BEI.UN shares. TD Securities increased their target price on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Raymond James raised their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. BMO Capital Markets lifted their target price on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday. Scotiabank decreased their target price on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research report on Monday, February 24th. Finally, CIBC dropped their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th.

Boardwalk Real Estate Investment Trust Stock Down 1.0%

BEI.UN stock opened at C$66.28 on Wednesday. The stock has a market cap of C$3.27 billion, a P/E ratio of 4.91, a PEG ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.10 and a twelve month high of C$91.81. The company’s 50 day moving average is C$64.62 and its two-hundred day moving average is C$65.67.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.135 per share. The ex-dividend date is Friday, May 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.44%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 10.66%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.