Brokerages Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Target Price at C$83.44

Key Points

• Boardwalk Real Estate Investment Trust has a consensus rating of "Moderate Buy" from analysts, with three hold ratings and five buy ratings among the eight brokerages covering the stock.
• The average 12-month price target for the stock is C$83.44, with individual analysts increasing their price objectives, including Royal Bank of Canada raising theirs to C$88.00.
• The company announced a monthly dividend of $0.135 per share, with a dividend yield of 2.3% and a payout ratio of 24.96%.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$83.44.

A number of brokerages recently commented on BEI.UN. National Bankshares raised their price target on Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Desjardins raised their price target on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Raymond James Financial raised their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, CIBC lifted their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN traded up C$0.35 during mid-day trading on Tuesday, reaching C$72.04. The company had a trading volume of 57,241 shares, compared to its average volume of 117,780. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a one year low of C$59.10 and a one year high of C$91.81. The firm has a market cap of C$3.84 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.24 and a beta of 0.71. The business's 50-day simple moving average is C$70.94 and its 200 day simple moving average is C$67.95.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be given a $0.135 dividend. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 29th. Boardwalk Real Estate Investment Trust's payout ratio is currently 24.96%.

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.