Raymond James set a C$95.00 price objective on Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Free Report) in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the real estate investment trust’s stock.
Several other analysts have also weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a research note on Thursday, May 9th. BMO Capital Markets increased their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an outperform rating in a research note on Monday, May 13th. National Bankshares raised their price target on shares of Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research report on Thursday, May 9th. Finally, TD Securities dropped their price target on Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$85.93.
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Boardwalk Real Estate Investment Trust Stock Performance
Boardwalk Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.81%. Boardwalk Real Estate Investment Trust’s payout ratio is 9.04%.
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.
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