National Bankshares Issues Positive Forecast for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price lifted by National Bankshares from C$80.00 to C$82.50 in a research report sent to investors on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the real estate investment trust’s stock.

BEI.UN has been the subject of a number of other research reports. Raymond James Financial upgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from C$80.00 to C$83.00 in a report on Wednesday, January 14th. 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Boardwalk Real Estate Investment Trust presently has a consensus rating of “Buy” and an average price target of C$82.63.

Boardwalk Real Estate Investment Trust Stock Down 0.8%

Shares of TSE:BEI.UN opened at C$68.60 on Thursday. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.10 and a 52-week high of C$75.37. The company has a market capitalization of C$3.65 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. 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 fifty day moving average of C$65.77 and a 200-day moving average of C$67.46.

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

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.135 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, November 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 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.