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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) has been assigned an average rating of "Hold" from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$80.64.

A number of brokerages have recently issued reports on BEI.UN. BMO Capital Markets lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th. National Bankshares downgraded shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$80.00 to C$72.00 in a research report on Monday, April 14th. Raymond James boosted their target price 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. TD Securities boosted their target price 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. Finally, Scotiabank dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research report on Monday, February 24th.

Boardwalk Real Estate Investment Trust Stock Down 0.5%

TSE BEI.UN traded down C$0.37 during trading on Friday, reaching C$70.00. 50,779 shares of the company's stock traded hands, compared to its average volume of 130,475. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The firm has a market cap of C$3.46 billion, a price-to-earnings ratio of 5.18, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company's 50 day simple moving average is C$65.15 and its two-hundred day simple moving average is C$65.25. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.10 and a 12-month high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, May 30th. 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.