TD Securities Issues Positive Forecast for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Key Points

• TD Securities has increased the price target for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) from C$85.00 to C$87.00, suggesting a potential upside of 21.22% from its previous close.
• Other analysts, such as BMO Capital Markets and National Bankshares, have also raised their price targets on the stock, with BMO adjusting it from C$73.00 to C$75.00 and National Bankshares from C$74.00 to C$77.50.
• As of the latest trading session, shares of Boardwalk REIT were down to C$71.77, with a market capitalization of C$3.55 billion and a reported PE ratio of 5.31.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Free Report) had its price objective boosted by TD Securities from C$85.00 to C$87.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the real estate investment trust's stock.

Several other research analysts have also weighed in on BEI.UN. National Bankshares upgraded shares of Boardwalk Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$74.00 to C$77.50 in a report on Friday, July 11th. Raymond James Financial set a C$86.00 price objective on shares of Boardwalk Real Estate Investment Trust in a report on Friday, July 11th. Finally, BMO Capital Markets increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a report on Monday, May 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$83.44.

Boardwalk Real Estate Investment Trust Price Performance

Shares of Boardwalk Real Estate Investment Trust stock traded down C$0.05 on Thursday, hitting C$71.40. The company's stock had a trading volume of 230,523 shares, compared to its average volume of 121,411. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.10 and a 52-week high of C$91.81. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The firm has a fifty day moving average price of C$70.33 and a 200-day moving average price of C$66.35. The company has a market capitalization of C$3.53 billion, a P/E ratio of 5.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.135 per share. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a yield of 2.3%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is 10.66%.

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.