Analysts Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target at C$81.06

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$81.06.

A number of equities research analysts recently issued reports on the company. Desjardins lowered their price objective 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. BMO Capital Markets lowered their price objective on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a research note on Monday, February 23rd. Scotiabank lowered their price objective 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 research note on Monday, February 23rd. National Bank Financial lowered their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Finally, Raymond James Financial lowered 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 note on Monday, February 23rd.

Boardwalk Real Estate Investment Trust Trading Up 0.4%

Shares of Boardwalk Real Estate Investment Trust stock opened at C$67.44 on Wednesday. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.75 and a 52-week high of C$75.37. The stock’s 50-day simple moving average is C$65.33 and its 200 day simple moving average is C$65.49. The stock has a market capitalization of C$3.52 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.24 and a beta of 0.40. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

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

Boardwalk Real Estate Investment Trust Dividend Announcement

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