Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Free Report) had its price target hoisted by BMO Capital Markets from C$73.00 to C$75.00 in a research note released on Monday morning,BayStreet.CA reports.
A number of other research firms also recently weighed in on BEI.UN. Scotiabank decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th. Raymond James increased their price target on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. CIBC cut their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. National Bankshares lowered Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$80.00 to C$72.00 in a research note on Monday, April 14th. Finally, TD Securities raised their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$80.64.
Check Out Our Latest Research Report on BEI.UN
Boardwalk Real Estate Investment Trust Stock Performance
TSE BEI.UN traded up C$0.37 during trading on Monday, hitting C$65.50. The company's stock had a trading volume of 16,647 shares, compared to its average volume of 133,798. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.10 and a 52 week high of C$91.81. The firm has a market cap of C$3.24 billion, a P/E ratio of 4.85, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The firm has a 50 day moving average price of C$64.60 and a 200 day moving average price of C$65.67. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.
Boardwalk Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.62 annualized dividend and a yield of 2.47%. Boardwalk Real Estate Investment Trust's dividend payout ratio is presently 10.66%.
Boardwalk Real Estate Investment Trust Company Profile
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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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