Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT Set at C$86.00 by Raymond James Financial

Raymond James Financial set a C$86.00 price objective on Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Free Report) in a research report sent to investors on Friday morning,BayStreet.CA reports.

BEI.UN has been the subject of a number of other research reports. BMO Capital Markets lifted their price objective on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th. TD Securities boosted their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, National Bankshares lowered Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$80.00 to C$72.00 in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Boardwalk Real Estate Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of C$81.71.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock traded up C$0.54 on Friday, hitting C$71.02. The stock had a trading volume of 138,910 shares, compared to its average volume of 123,049. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.10 and a 52-week high of C$91.81. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock has a market cap of C$3.51 billion, a price-to-earnings ratio of 5.26, a P/E/G ratio of 1.24 and a beta of 1.76. The company's 50 day moving average price is C$68.52 and its 200 day moving average price is C$65.47.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.62 dividend on an annualized basis and a yield of 2.28%. Boardwalk Real Estate Investment Trust's dividend payout ratio (DPR) is 10.66%.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta.