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

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) have earned an average rating of "Hold" from the seven research firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$81.50.

Several research analysts recently commented on the company. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. CIBC dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. National Bankshares lowered shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$80.00 to C$72.00 in a report on Monday. Raymond James reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Finally, Scotiabank cut their target price on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE:BEI.UN traded up C$0.48 during midday trading on Friday, reaching C$62.54. 3,645 shares of the company were exchanged, compared to its average volume of 143,538. 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 stock has a market cap of C$3.09 billion, a PE ratio of 4.63, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The business's fifty day moving average is C$64.46 and its two-hundred day moving average is C$68.23. Boardwalk Real Estate Investment Trust has a one year low of C$59.10 and a one year high of C$91.81.

Boardwalk Real Estate Investment Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 2.59%. This is a positive change from Boardwalk Real Estate Investment Trust's previous monthly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, April 30th. Boardwalk Real Estate Investment Trust's dividend payout ratio is presently 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.