Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Hits New 52-Week High at $88.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$88.00 and last traded at C$88.00, with a volume of 46072 shares. The stock had previously closed at C$86.65.

Analysts Set New Price Targets

BEI.UN has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. TD Securities raised their target price on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. National Bankshares upped their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Raymond James cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from C$96.00 to C$100.00 in a research note on Friday. Finally, Scotiabank upped their target price on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$89.90.

Boardwalk Real Estate Investment Trust Stock Up 1.6 %

The stock has a fifty day moving average price of C$79.03 and a 200-day moving average price of C$75.21. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The firm has a market cap of C$4.35 billion, a PE ratio of 6.58, a PEG ratio of 1.24 and a beta of 1.77.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 10.93%.

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.