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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$83.50.

Several equities research analysts recently commented on BEI.UN shares. National Bankshares upped their price target 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 research report on Wednesday, October 8th. TD Securities cut their target price on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a research note on Friday, December 12th.

Boardwalk Real Estate Investment Trust Trading Up 0.1%

Shares of BEI.UN opened at C$68.58 on Monday. The business’s 50-day moving average price is C$64.11 and its 200 day moving average price is C$67.71. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock has a market capitalization of C$3.65 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.24 and a beta of 0.67. 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 posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported C$0.66 EPS for the quarter. The company had revenue of C$160.77 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. 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 was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.135 per share. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, November 28th. Boardwalk Real Estate Investment Trust’s payout ratio is presently 31.90%.

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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.