Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$79.50.

A number of research analysts have recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Desjardins lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Raymond James Financial lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from C$82.00 to C$80.00 in a research report on Friday, May 8th. TD lowered their price target on Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Scotia reduced their price objective on Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a report on Thursday, May 7th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock opened at C$66.15 on Monday. 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 stock’s fifty day moving average is C$64.89 and its two-hundred day moving average is C$65.75. Boardwalk Real Estate Investment Trust has a 52 week low of C$60.75 and a 52 week high of C$75.37. The company has a market capitalization of C$3.44 billion, a PE ratio of 72.69, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st. Boardwalk Real Estate Investment Trust’s payout ratio is presently 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.