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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$79.50.

Several research analysts have issued reports on the company. Desjardins cut their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Scotiabank dropped their price target on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating for the company in a research report on Monday, February 23rd. National Bank Financial dropped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Raymond James Financial cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from C$82.00 to C$80.00 in a research report on Friday, May 8th. Finally, Scotia dropped their price objective on Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a research report on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$64.44 on Thursday. 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 fifty day moving average price of C$65.24 and a 200 day moving average price of C$65.42. Boardwalk Real Estate Investment Trust has a 1-year low of C$60.75 and a 1-year high of C$75.37. The company has a market cap of C$3.35 billion, a PE ratio of 70.81, a P/E/G ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.