Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$89.00.

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Raymond James upped their price target on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 1st. TD Securities upped their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, CIBC upped their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Boardwalk Real Estate Investment Trust Stock Performance

TSE:BEI.UN opened at C$84.51 on Friday. The firm has a 50 day simple moving average of C$76.98 and a 200-day simple moving average of C$74.61. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The firm has a market cap of C$4.17 billion, a PE ratio of 6.38, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 1-year low of C$63.09 and a 1-year high of C$86.10.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.44 annualized dividend and a yield of 1.70%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.87%.

Boardwalk Real Estate Investment Trust Company Profile

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.