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

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

Other analysts have also recently issued research reports about the company. TD Securities lowered 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. National Bankshares lifted 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. BMO Capital Markets lifted their price target on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an outperform rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada lifted 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. One investment 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. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust has an average rating of Buy and a consensus target price of C$89.00.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN opened at C$78.57 on Thursday. The stock has a 50-day moving average of C$72.72 and a two-hundred day moving average of C$73.27. Boardwalk Real Estate Investment Trust has a one year low of C$63.00 and a one year high of C$80.27. The company has a debt-to-equity ratio of 80.87, a quick ratio of 0.04 and a current ratio of 0.28. The stock has a market cap of C$3.88 billion, a P/E ratio of 4.93, a P/E/G ratio of 1.24 and a beta of 1.74.

Boardwalk Real Estate Investment Trust Dividend Announcement

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

About Boardwalk Real Estate Investment Trust

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.