Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Has Consensus Target Price of C$79.28

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$79.28.

Several research analysts have commented on the stock. Scotiabank decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price objective 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. Finally, National Bank Financial increased their target price on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the company an “outperform” rating in a report on Thursday, July 30th.

Boardwalk Real Estate Investment Trust Stock Performance

TSE:BEI.UN opened at C$61.72 on Friday. The business has a 50 day moving average of C$63.84 and a 200 day moving average of C$64.62. The company has a market capitalization of C$3.10 billion, a price-to-earnings ratio of -72.61, a PEG ratio of 1.24 and a beta of 0.55. Boardwalk Real Estate Investment Trust has a 1-year low of C$60.67 and a 1-year high of C$70.12. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently -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.