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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have received a consensus rating of "Hold" from the seven analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$80.36.

A number of brokerages have commented on BEI.UN. TD Securities boosted their target price 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. National Bankshares cut Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$80.00 to C$72.00 in a research report on Monday, April 14th. CIBC reduced their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. Raymond James raised their price objective on 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. Finally, Scotiabank cut their price objective on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN traded up C$0.47 during mid-day trading on Wednesday, reaching C$67.45. The company had a trading volume of 4,516 shares, compared to its average volume of 135,221. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock has a market cap of C$3.33 billion, a PE ratio of 4.99, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a 50-day moving average price of C$64.58 and a two-hundred day moving average price of C$65.73. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.10 and a 1-year high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.62 dividend on an annualized basis and a yield of 2.40%. Boardwalk Real Estate Investment Trust's dividend payout ratio is presently 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.