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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$79.50.

BEI.UN has been the subject of several analyst reports. Raymond James Financial downgraded Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from C$82.00 to C$80.00 in a research note on Friday, May 8th. 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 for the company 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 for the company 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 for the company in a research note on Monday, April 20th. Finally, Desjardins lowered their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research note on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock opened at C$63.36 on Friday. Boardwalk Real Estate Investment Trust has a one year low of C$60.75 and a one year high of C$75.37. The firm has a market capitalization of C$3.30 billion, a price-to-earnings ratio of 69.63, a PEG ratio of 1.24 and a beta of 0.40. The business has a 50-day simple moving average of C$65.07 and a 200 day simple moving average of C$65.41. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) 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. On average, research analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 2.8%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 181.32%.

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.