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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$79.28.

BEI.UN has been the subject of a number of research analyst reports. National Bank Financial increased their target price on shares of 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 target 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 boosted their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th.

Boardwalk Real Estate Investment Trust Stock Down 0.7%

BEI.UN stock opened at C$60.23 on Wednesday. The company has a market cap of C$3.03 billion, a P/E ratio of -70.86, a P/E/G ratio of 1.24 and a beta of 0.56. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.93 and a 52 week high of C$70.12. The company’s 50-day moving average price is C$62.66 and its 200 day moving average price is C$64.36. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) 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.