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

Boardwalk Real Estate Investment Trust (TSE:BEI.UNGet Free Report) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$84.92.

A number of brokerages have recently commented on BEI.UN. Royal Bank of Canada increased their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Thursday, May 9th. Cormark raised their price target on Boardwalk Real Estate Investment Trust from C$72.00 to C$86.00 in a research report on Thursday, March 14th. National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a report on Thursday, May 9th. TD Securities decreased their price objective on Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a report on Wednesday, April 24th. Finally, Scotiabank cut their target price on Boardwalk Real Estate Investment Trust from C$82.00 to C$80.25 and set a “sector perform” rating for the company in a research note on Monday, March 25th.

Get Our Latest Research Report on Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust Stock Down 0.5 %

BEI.UN stock opened at C$72.76 on Thursday. Boardwalk Real Estate Investment Trust has a 1-year low of C$63.00 and a 1-year high of C$80.10. The stock has a market cap of C$3.59 billion, a price-to-earnings ratio of 4.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74. The company has a current ratio of 0.28, a quick ratio of 0.04 and a debt-to-equity ratio of 80.87. The company’s 50 day moving average is C$71.13 and its 200 day moving average is C$72.39.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a $0.12 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.98%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 9.04%.

Boardwalk Real Estate Investment Trust Company Profile

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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.

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Analyst Recommendations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN)

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