Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Recommendation of "Hold" from Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$80.64.

A number of brokerages have recently issued reports on BEI.UN. National Bankshares downgraded shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$80.00 to C$72.00 in a research report on Monday, April 14th. TD Securities boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th.

Boardwalk Real Estate Investment Trust Trading Up 1.3%

TSE:BEI.UN traded up C$0.91 during mid-day trading on Thursday, hitting C$69.62. 106,189 shares of the company's stock were exchanged, compared to its average volume of 126,362. The company has a 50 day simple moving average of C$67.42 and a 200-day simple moving average of C$65.13. 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 has a fifty-two week low of C$59.10 and a fifty-two week high of C$91.81. The firm has a market capitalization of C$3.44 billion, a P/E ratio of 5.15, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

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

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.