Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Lowered to C$80.00 at National Bank Financial

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target trimmed by National Bank Financial from C$81.00 to C$80.00 in a report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other brokerages also recently issued reports on BEI.UN. Scotiabank reduced their price target on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating on the stock in a report on Monday, February 23rd. BMO Capital Markets dropped their price objective on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating for the company in a report on Monday, February 23rd. Raymond James Financial cut their price objective on Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating on the stock in a research report on Monday, February 23rd. Finally, Desjardins reduced their target price on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$81.06.

Boardwalk Real Estate Investment Trust Trading Down 0.6%

Shares of BEI.UN opened at C$67.84 on Monday. The stock has a market capitalization of C$3.54 billion, a P/E ratio of 17.67, a PEG ratio of 1.24 and a beta of 0.40. Boardwalk Real Estate Investment Trust has a twelve month low of C$60.75 and a twelve month high of C$75.37. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The firm has a fifty day simple moving average of C$65.34 and a two-hundred day simple moving average of C$65.49.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings data on Friday, February 20th. The real estate investment trust reported C($1.21) earnings per share (EPS) for the quarter. The firm had revenue of C$164.85 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. On average, research analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current year.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently 41.80%.

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