Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$84.92 Consensus Price Target from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UNGet Free Report) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$84.92.

A number of research analysts recently commented on the stock. TD Securities dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Thursday, May 9th. CIBC boosted their target price on Boardwalk Real Estate Investment Trust from C$74.50 to C$81.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Cormark raised their price target on Boardwalk Real Estate Investment Trust from C$72.00 to C$86.00 in a research note on Thursday, March 14th. Finally, BMO Capital Markets boosted their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research note on Monday, May 13th.

View Our Latest Stock Analysis on BEI.UN

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock opened at C$68.53 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.28 and a debt-to-equity ratio of 80.87. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.02 and a 52 week high of C$80.10. The firm’s 50 day moving average is C$71.39 and its two-hundred day moving average is C$72.34. The firm has a market capitalization of C$3.38 billion, a P/E ratio of 4.30, a P/E/G ratio of 1.24 and a beta of 1.74.

Boardwalk Real Estate Investment Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 17th were paid a dividend of $0.12 per share. This is an increase from Boardwalk Real Estate Investment Trust’s previous monthly dividend of $0.08. The ex-dividend date was Friday, May 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.10%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 9.04%.

About Boardwalk Real Estate Investment Trust

(Get Free Report

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.

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Analyst Recommendations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN)

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