Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Rating of “Buy” from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned an average rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$82.94.

Several analysts recently weighed in on the company. Raymond James Financial upgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from C$80.00 to C$83.00 in a research report on Wednesday. TD Securities lowered their target price on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Finally, National Bankshares increased their target price 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 report on Wednesday, October 8th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE:BEI.UN opened at C$69.89 on Monday. The company’s 50 day simple moving average is C$64.64 and its 200 day simple moving average is C$67.72. The stock has a market capitalization of C$3.72 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.67. 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 1 year low of C$59.10 and a 1 year high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 earnings per share for the quarter. The firm had revenue of C$160.77 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, research 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 business also recently disclosed a monthly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a yield of 2.3%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently 31.90%.

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.