Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$79.28.
BEI.UN has been the subject of several analyst reports. Royal Bank Of Canada upped their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Scotia cut their price objective 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 report on Thursday, May 7th. Desjardins decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Raymond James Financial downgraded Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from C$82.00 to C$80.00 in a research note on Friday, May 8th. Finally, National Bank Financial lifted their target price on Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th.
Get Our Latest Stock Report on BEI.UN
Boardwalk Real Estate Investment Trust Stock Down 2.2%
Boardwalk Real Estate Investment Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, August 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is -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.
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