Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$81.50 Average Price Target from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$80.36.

BEI.UN has been the topic of several analyst reports. 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. National Bankshares cut shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and lowered their price objective 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 company an "outperform" rating in a research note on Thursday. TD Securities raised their target price on 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. Finally, CIBC lowered their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday, February 24th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN traded up C$1.04 during mid-day trading on Wednesday, hitting C$66.98. The company's stock had a trading volume of 115,485 shares, compared to its average volume of 136,709. 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 50-day moving average price of C$64.58 and a 200 day moving average price of C$65.94. 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 stock has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, May 30th. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is currently 10.66%.

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.