Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Boardwalk Real Estate Investment Trust has an average recommendation of "Moderate Buy", with a 12-month price target of C$83.44 from analysts.
• Recent reports show analysts from Royal Bank of Canada, CIBC, and others have increased their target prices for the stock, with Royal Bank raising its target to C$88.00.
• The company declared a monthly dividend of $0.135 per share, representing a yield of 2.3% and a low dividend payout ratio of 10.66%.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$83.44.

BEI.UN has been the topic of several research reports. Royal Bank Of Canada lifted their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Desjardins boosted their target price on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the company a "buy" rating in a report on Thursday, July 31st. TD Securities upped their target price on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$87.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. National Bankshares increased their price target on shares of Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research note on Monday, May 12th.

Boardwalk Real Estate Investment Trust Trading Down 0.1%

TSE BEI.UN traded down C$0.07 on Friday, hitting C$69.90. The company's stock had a trading volume of 47,135 shares, compared to its average volume of 120,308. The firm has a market cap of C$3.45 billion, a P/E ratio of 5.17, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.10 and a 52-week high of C$91.81. The company's 50-day simple moving average is C$70.61 and its 200 day simple moving average is C$67.13. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be given a $0.135 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. Boardwalk Real Estate Investment Trust's payout ratio is currently 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.