Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Consensus Rating of “Buy” by Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$82.63.

BEI.UN has been the topic of a number of research reports. TD Securities reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Raymond James Financial upgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$80.00 to C$83.00 in a research report on Wednesday, January 14th. Finally, National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$82.50 and gave the company an “outperform” rating in a research report on Thursday, February 5th.

Boardwalk Real Estate Investment Trust Stock Down 0.0%

Shares of BEI.UN opened at C$67.97 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. The stock has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$75.37. The business’s 50 day simple moving average is C$66.04 and its 200-day simple moving average is C$67.32.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. The company had revenue of C$160.77 million for the quarter. As a group, equities analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a dividend of $0.135 per share. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, November 28th. 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.