Boardwalk Real Estate Investment Trust (BEI.UN.TO) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts are moderately bullish: Boardwalk REIT has a consensus “Moderate Buy” rating, with six buys and three holds among nine analysts. The average 12-month price target is C$79.28, well above the reported C$60.23 share price.
• Recent target changes were mixed: National Bank raised its target to C$81, RBC increased its target to C$84, and Scotiabank trimmed its target to C$74; National Bank and RBC maintained “outperform” ratings.
• Boardwalk declared a monthly dividend of C$0.15 per share, equivalent to C$1.80 annually and a 3.0% yield. The trust primarily owns and manages multifamily residential properties, with most units concentrated in Alberta.

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$79.28.

BEI.UN has been the topic of several recent analyst reports. National Bank Financial increased their target price on Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Scotiabank reduced their price target on Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Finally, Royal Bank Of Canada raised their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the company an "outperform" rating in a report on Thursday, July 30th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE:BEI.UN opened at C$60.23 on Wednesday. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.93 and a 52 week high of C$70.12. The company has a 50-day moving average price of C$62.66 and a 200 day moving average price of C$64.36. The company has a market cap of C$3.03 billion, a P/E ratio of -70.86, a PEG ratio of 1.24 and a beta of 0.56. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be given a $0.15 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.80 annualized dividend and a yield of 3.0%. Boardwalk Real Estate Investment Trust's dividend payout ratio is presently -199.41%.

About Boardwalk Real Estate Investment Trust

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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites.

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