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 target price on Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Free Report) in a report released on Friday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on BEI.UN. BMO Capital Markets boosted their target price on shares of 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 target price on shares of 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. Finally, National Bankshares downgraded shares of 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, 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 Up 1.7%

Shares of Boardwalk Real Estate Investment Trust stock traded up C$1.21 on Friday, reaching C$72.23. The stock had a trading volume of 119,007 shares, compared to its average volume of 123,019. The company has a 50 day moving average price of C$68.64 and a 200 day moving average price of C$65.55. 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 has a 1 year low of C$59.10 and a 1 year high of C$91.81. The stock has a market capitalization of C$3.57 billion, a P/E ratio of 5.35, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, July 31st. 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.