Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$83.88 Average Price Target from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$83.88.

Several analysts have recently weighed in on the company. National Bankshares lifted their price objective on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Desjardins raised their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. CIBC boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Raymond James Financial increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the company an “outperform” rating in a research note on Thursday, July 31st.

Boardwalk Real Estate Investment Trust Stock Up 0.7%

Shares of BEI.UN opened at C$63.72 on Friday. 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 50-day simple moving average of C$66.37 and a 200-day simple moving average of C$68.70. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.10 and a 52 week high of C$75.37. The firm has a market capitalization of C$3.39 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.24 and a beta of 0.64.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%.The business had revenue of C$160.77 million for the quarter. On average, equities research analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current year.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 15th will be given a $0.135 dividend. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 31.90%.

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.