Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Rating of “Moderate Buy” by Brokerages

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$83.50.

BEI.UN has been the subject of a number of analyst reports. National Bankshares upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. TD Securities dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research note on Friday, December 12th.

Boardwalk Real Estate Investment Trust Trading Up 2.7%

Shares of Boardwalk Real Estate Investment Trust stock opened at C$64.32 on Thursday. 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 stock’s 50 day simple moving average is C$64.26 and its 200-day simple moving average is C$68.23. The stock has a market cap of C$3.43 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.24 and a beta of 0.63. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.10 and a 1-year high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings data 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 company had revenue of C$160.77 million for the quarter. Analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a $0.135 dividend. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 2.5%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 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.