Boardwalk Real Estate Investment Trust (BEI.UN.TO) – What Are Investment Firms Saying About This Stock?

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$77.47.

Several equities research analysts have recently weighed in on the company. Raymond James Financial increased their price objective on Boardwalk Real Estate Investment Trust from C$72.50 to C$73.00 and gave the company an “outperform” rating in a report on Thursday. ATB Cormark Capital Markets cut their target price on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$77.00 and set an “outperform” rating on the stock in a report on Thursday. Scotia cut their target price on shares of Boardwalk Real Estate Investment Trust from C$74.00 to C$73.50 and set a “sector perform” rating on the stock in a report on Thursday. National Bank Financial reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$74.25 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Finally, 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 for the company in a research note on Thursday, July 30th.

Boardwalk Real Estate Investment Trust Stock Down 1.2%

Shares of TSE BEI.UN opened at C$62.51 on Friday. The stock has a market cap of C$2.83 billion, a PE ratio of -73.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.54. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.93 and a 52-week high of C$70.12. The business has a 50-day moving average price of C$61.80 and a 200 day moving average price of C$64.57.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported C$0.19 EPS for the quarter. The company had revenue of C$159.82 million for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. Equities research analysts forecast that Boardwalk Real Estate Investment Trust will post 4.45 earnings per share for the current year.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be paid a $0.15 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. Boardwalk Real Estate Investment Trust’s payout ratio is currently -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.