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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$84.07.

Several research firms have commented on BEI.UN. CIBC decreased their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday, February 24th. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Scotiabank cut their target price on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday, February 24th. Finally, Raymond James lowered 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.

Boardwalk Real Estate Investment Trust Trading Down 0.1 %

Boardwalk Real Estate Investment Trust stock opened at C$66.94 on Tuesday. The firm’s fifty day moving average price is C$63.99 and its 200-day moving average price is C$71.27. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.53 and a fifty-two week high of C$91.81. The stock has a market cap of C$3.31 billion, a P/E ratio of 4.95, a PEG ratio of 1.24 and a beta of 1.76. 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 Announces Dividend

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