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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$81.06.

Several research analysts have recently commented on the company. Scotiabank reduced their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating on the stock in a report on Monday, February 23rd. National Bank Financial reduced their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a report on Monday. Desjardins reduced their target price on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Raymond James Financial reduced their price objective on Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating on the stock in a report on Monday, February 23rd. Finally, BMO Capital Markets reduced their price objective on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a report on Monday, February 23rd.

Boardwalk Real Estate Investment Trust Stock Down 0.6%

Shares of BEI.UN opened at C$67.40 on Wednesday. The company has a market capitalization of C$3.51 billion, a P/E ratio of 17.55, a PEG ratio of 1.24 and a beta of 0.40. 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 has a one year low of C$60.75 and a one year high of C$75.37. The business’s 50 day simple moving average is C$65.33 and its 200-day simple moving average is C$65.48.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last announced its earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) EPS for the quarter. The business had revenue of C$164.85 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. As a group, sell-side analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 2.7%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 41.80%.

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.