Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$79.50.
A number of equities analysts have recently issued reports on the company. Scotiabank dropped their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating for the company in a report on Monday, February 23rd. BMO Capital Markets dropped their target price on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating for the company in a report on Monday, February 23rd. National Bank Financial dropped their target price 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. Desjardins dropped 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 report on Thursday, May 7th. Finally, Raymond James Financial cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from C$82.00 to C$80.00 in a report on Friday, May 8th.
Check Out Our Latest Stock Analysis on BEI.UN
Boardwalk Real Estate Investment Trust Price Performance
Boardwalk Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 29th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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.
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