Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Consensus Rating of "Moderate Buy" from Analysts

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 a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, Marketbeat reports. Three investment 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 issued ratings on the stock in the last year is C$83.44.

A number of analysts have recently commented on the company. TD Securities upped their price objective on Boardwalk Real Estate Investment Trust from C$85.00 to C$87.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Desjardins upped their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. CIBC upped their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st.

Boardwalk Real Estate Investment Trust Trading Down 1.1%

Shares of BEI.UN opened at C$71.28 on Tuesday. The stock has a fifty day moving average of C$70.82 and a two-hundred day moving average of C$67.74. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The company has a market capitalization of C$3.80 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.24 and a beta of 0.71. 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.

Boardwalk Real Estate Investment Trust Announces Dividend

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

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