Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Rating of “Moderate Buy” by Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$79.28.

Several equities research analysts have recently weighed in on BEI.UN shares. TD decreased 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 report on Thursday, May 7th. Scotiabank cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Desjardins reduced their price objective 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 research note on Thursday, May 7th. Raymond James Financial lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from C$82.00 to C$80.00 in a report on Friday, May 8th. Finally, National Bank Financial increased their target price on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN opened at C$65.50 on Tuesday. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.75 and a 52-week high of C$72.71. The stock’s 50-day simple moving average is C$65.38 and its 200 day simple moving average is C$65.36. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The stock has a market capitalization of C$3.42 billion, a price-to-earnings ratio of -77.06, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 2.7%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently -199.41%.

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.