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 earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$79.28.

A number of equities analysts recently weighed in on BEI.UN shares. Scotiabank reduced their price target on Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. National Bank Financial boosted their price objective on 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. Desjardins reduced their target price on 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. TD decreased their target price 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. Finally, Scotia dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Trading Down 1.8%

BEI.UN stock opened at C$64.39 on Friday. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.75 and a 52-week high of C$72.71. 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$3.35 billion, a P/E ratio of -75.75, a PEG ratio of 1.24 and a beta of 0.53. The company’s 50-day simple moving average is C$65.33 and its 200-day simple moving average is C$65.65.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.8%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently -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.