Raymond James Raises Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$96.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective raised by Raymond James from C$95.00 to C$96.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a strong-buy rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on BEI.UN. BMO Capital Markets upped 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. Royal Bank of Canada upped their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a research report on Thursday, May 9th. National Bankshares upped their price target on 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 research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Buy and a consensus price target of C$89.00.

Boardwalk Real Estate Investment Trust Trading Down 1.5 %

Shares of Boardwalk Real Estate Investment Trust stock opened at C$78.57 on Thursday. The stock has a fifty day simple moving average of C$72.72 and a 200 day simple moving average of C$73.27. Boardwalk Real Estate Investment Trust has a 12-month low of C$63.00 and a 12-month high of C$80.27. The company has a market capitalization of C$3.88 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74. The company has a current ratio of 0.28, a quick ratio of 0.04 and a debt-to-equity ratio of 80.87.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.44 annualized dividend and a yield of 1.83%. Boardwalk Real Estate Investment Trust’s payout ratio is 9.04%.

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.