Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$80.64 Average PT from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$80.64.

Several equities analysts have weighed in on the company. National Bankshares cut Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$80.00 to C$72.00 in a report on Monday, April 14th. Raymond James Financial lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. BMO Capital Markets upped their target price on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research note on Monday, May 12th. Finally, TD Securities lifted their price target on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE BEI.UN traded up C$0.91 during trading hours on Thursday, reaching C$69.62. 106,189 shares of the stock were exchanged, compared to its average volume of 126,362. The firm has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 1.24 and a beta of 1.76. The stock's fifty day simple moving average is C$67.27 and its 200 day simple moving average is C$65.17. 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 52 week low of C$59.10 and a 52 week high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, May 30th. Boardwalk Real Estate Investment Trust's payout ratio is currently 10.66%.

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.