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 a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$83.44.

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a report on Monday, May 12th. CIBC increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. TD Securities increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Desjardins increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, July 31st.

Boardwalk Real Estate Investment Trust Trading Up 0.8%

BEI.UN opened at C$71.03 on Friday. 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 fifty-two week low of C$59.10 and a fifty-two week high of C$91.81. The firm has a market capitalization of C$3.51 billion, a PE ratio of 5.26, a P/E/G ratio of 1.24 and a beta of 1.76. The company’s 50-day moving average is C$70.62 and its 200 day moving average is C$66.96.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.135 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

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.