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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment 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 analysts that have covered the stock in the last year is C$79.50.

A number of analysts recently weighed in on BEI.UN shares. Raymond James Financial lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from C$82.00 to C$80.00 in a report on Friday, May 8th. Desjardins decreased their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada lowered their target price on Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. National Bank Financial dropped their target price 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. Finally, 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 research note on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE:BEI.UN opened at C$67.20 on Monday. 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 firm has a market cap of C$3.49 billion, a P/E ratio of 73.85, a P/E/G ratio of 1.24 and a beta of 0.56. Boardwalk Real Estate Investment Trust has a 12 month low of C$60.75 and a 12 month high of C$75.37. The company’s 50-day moving average price is C$64.98 and its two-hundred day moving average price is C$65.66.

Boardwalk Real Estate Investment Trust Announces Dividend

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