Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$84.07 Average PT from Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$84.07.

Several equities research analysts recently issued reports on the company. Raymond James dropped their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. CIBC decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday, February 24th. Finally, Scotiabank lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research report on Monday, February 24th.

Boardwalk Real Estate Investment Trust Stock Up 0.6 %

Shares of Boardwalk Real Estate Investment Trust stock traded up C$0.38 during trading hours on Tuesday, hitting C$67.04. 603,348 shares of the company's stock traded hands, compared to its average volume of 149,308. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.53 and a twelve month high of C$91.81. The stock has a 50 day simple moving average of C$63.78 and a 200-day simple moving average of C$71.69. The company has a market cap of C$3.31 billion, a PE ratio of 4.96, a PEG ratio of 1.24 and a beta of 1.76.

Remove Ads

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, February 28th. Boardwalk Real Estate Investment Trust's dividend payout ratio is 10.66%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.