Brokerages Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Target Price at C$84.07

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$84.07.

A number of equities analysts have recently commented on the stock. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Raymond James cut their price target on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. CIBC lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research 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 Price Performance

TSE:BEI.UN opened at C$66.66 on Tuesday. The company has a 50-day moving average of C$63.78 and a 200-day moving average of C$71.69. The company has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 4.93, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.53 and a 52 week high of C$91.81. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, February 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 10.66%.

About Boardwalk Real Estate Investment Trust

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.