Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Has Average Price Target of C$79.28

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$79.28.

Several brokerages have issued reports on BEI.UN. National Bank Financial raised their price target on Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Scotiabank reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE BEI.UN opened at C$61.67 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 12 month low of C$59.93 and a 12 month high of C$70.12. The stock has a 50 day moving average of C$62.31 and a 200-day moving average of C$64.29. The company has a market capitalization of C$3.10 billion, a P/E ratio of -72.55, a P/E/G ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.9%. Boardwalk Real Estate Investment Trust’s payout ratio is presently -199.41%.

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.