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

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

BEI.UN has been the topic of a number of research analyst reports. National Bank Financial increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, Scotiabank decreased their target price 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 note on Thursday, July 30th.

Boardwalk Real Estate Investment Trust Trading Down 0.8%

Boardwalk Real Estate Investment Trust stock opened at C$60.90 on Friday. Boardwalk Real Estate Investment Trust has a one year low of C$60.67 and a one year high of C$71.54. The business’s fifty day moving average is C$64.29 and its 200 day moving average is C$64.77. The stock has a market capitalization of C$3.06 billion, a PE ratio of -71.65, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. Boardwalk Real Estate Investment Trust’s payout ratio is presently -199.41%.

Boardwalk Real Estate Investment Trust Company Profile

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.