Brokerages Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target at C$83.50

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One 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 brokers that have updated their coverage on the stock in the last year is C$82.94.

A number of research analysts have issued reports on the company. TD Securities cut their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a report on Friday, December 12th. National Bankshares lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, Raymond James Financial upgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from C$80.00 to C$83.00 in a research report on Wednesday.

Boardwalk Real Estate Investment Trust Stock Down 0.6%

TSE BEI.UN opened at C$68.63 on Monday. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.10 and a 1-year high of C$75.37. The company has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.24 and a beta of 0.67. The stock’s 50 day moving average is C$64.41 and its two-hundred day moving average is C$67.71. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 earnings per share (EPS) for the quarter. The business 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%. Equities analysts forecast 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 firm also recently declared a monthly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.135 per share. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 2.4%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 31.90%.

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.