Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT Raised to C$100.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective boosted by TD Securities from C$95.00 to C$100.00 in a research note published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on BEI.UN. BMO Capital Markets boosted their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an outperform rating in a report on Monday, May 13th. Raymond James upped their price objective on Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a strong-buy rating in a research note on Thursday, August 1st. CIBC upped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a neutral rating in a research note on Thursday, August 1st. Scotiabank upped their price objective 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. Finally, National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$90.00 to C$93.00 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$89.90.

Boardwalk Real Estate Investment Trust Stock Performance

The business’s 50-day simple moving average is C$79.03 and its 200-day simple moving average is C$75.21. The firm has a market cap of C$4.28 billion, a PE ratio of 6.53, a P/E/G ratio of 1.24 and a beta of 1.77. Boardwalk Real Estate Investment Trust has a 1 year low of C$63.09 and a 1 year high of C$88.00. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of ∞. The ex-dividend date is Friday, August 30th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.