Brokerages Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT at C$82.63

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

Several analysts have recently commented on BEI.UN shares. Raymond James Financial raised shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from C$80.00 to C$83.00 in a research note on Wednesday, January 14th. TD Securities reduced their price objective on 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. Finally, National Bankshares lifted their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$82.50 and gave the company an “outperform” rating in a research note on Thursday.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE:BEI.UN opened at C$68.77 on Friday. The business has a fifty day moving average of C$65.86 and a 200-day moving average of C$67.37. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.10 and a twelve month high of C$75.37. The firm has a market cap of C$3.66 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its quarterly 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 for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. On average, equities research analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a $0.135 dividend. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, November 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.