Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Has Average Target Price of C$77.47 According to Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$77.47.

A number of research analysts have recently issued reports on the stock. Raymond James Financial lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$72.50 to C$73.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. Scotia decreased their price target on Boardwalk Real Estate Investment Trust from C$74.00 to C$73.50 and set a “sector perform” rating on the stock in a research report on Thursday, November 5th. Scotiabank dropped their price target on Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. ATB Cormark Capital Markets dropped their price target on Boardwalk Real Estate Investment Trust from C$80.00 to C$77.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. Finally, Royal Bank Of Canada cut their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$83.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of Boardwalk Real Estate Investment Trust stock traded up C$0.17 during mid-day trading on Friday, reaching C$59.10. 123,713 shares of the stock were exchanged, compared to its average volume of 119,590. The company has a market cap of C$3.08 billion, a price-to-earnings ratio of -45.46, a price-to-earnings-growth ratio of 1.24 and a beta of 0.54. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The firm has a 50-day simple moving average of C$61.51 and a 200 day simple moving average of C$64.40. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$58.76 and a fifty-two week high of C$70.12.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported C$0.19 EPS for the quarter. The firm had revenue of C$159.82 million for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. On average, sell-side analysts predict that Boardwalk Real Estate Investment Trust will post 4.45 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, October 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently -133.85%.

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.