Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$79.50 Consensus Price Target from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Four research 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 brokerages that have updated their coverage on the stock in the last year is C$79.50.

Several equities analysts have issued reports on the company. Scotiabank cut 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 research note on Monday, February 23rd. Raymond James Financial downgraded 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. Scotia decreased their target price 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 report on Thursday, May 7th. National Bank Financial decreased their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a report on Monday, April 20th. Finally, Royal Bank Of Canada decreased their price target on Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating for the company in a report on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Stock Down 0.7%

Shares of BEI.UN opened at C$63.90 on Thursday. 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 business has a fifty day moving average of C$65.21 and a 200 day moving average of C$65.43. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.75 and a 52-week high of C$75.37. The company has a market cap of C$3.32 billion, a PE ratio of 70.22, a P/E/G ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 30th. Boardwalk Real Estate Investment Trust’s payout ratio 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.