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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$83.44.

BEI.UN has been the subject of several recent analyst reports. Raymond James Financial raised their target price on 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. TD Securities raised their target price on Boardwalk Real Estate Investment Trust from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Desjardins raised their target price on 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 raised their target price on 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 raised their target price on Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the stock an “outperform” rating in a research report on Thursday, July 31st.

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN opened at C$69.05 on Friday. The firm has a market cap of C$3.68 billion, a PE ratio of 11.38, a P/E/G ratio of 1.24 and a beta of 0.71. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The business has a fifty day simple moving average of C$70.57 and a 200-day simple moving average of C$68.41. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.10 and a fifty-two week high of C$82.83.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be issued a dividend of $0.135 per share. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 24.96%.

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.