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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$83.75.

Several research firms recently issued reports on BEI.UN. Royal Bank Of Canada boosted their target price 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. Raymond James Financial upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Desjardins upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. CIBC upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, National Bankshares upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th.

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN opened at C$65.80 on Wednesday. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The firm has a fifty day moving average price of C$68.97 and a 200 day moving average price of C$68.66. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$76.30. The stock has a market cap of C$3.51 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.24 and a beta of 0.64.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 17th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 2.5%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 24.96%.

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.