Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$85.00 Price Target at TD Securities

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective trimmed by TD Securities from C$88.00 to C$85.00 in a report released on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Separately, National Bankshares increased their price target on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$83.50.

Boardwalk Real Estate Investment Trust Stock Up 0.9%

Boardwalk Real Estate Investment Trust stock opened at C$62.40 on Friday. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.10 and a 52 week high of C$75.37. The stock has a market cap of C$3.32 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.24 and a beta of 0.63. The company’s 50-day moving average price is C$64.57 and its two-hundred day moving average price is C$68.39. 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 (TSE:BEI.UN) last issued its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. The company had revenue of C$160.77 million during the quarter. On average, analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 2.6%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 31.90%.

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.