Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT Raised to C$100.00 at TD Securities

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price hoisted by TD Securities from C$95.00 to C$100.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. Raymond James raised their price objective on Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a strong-buy rating in a report on Thursday, August 1st. CIBC raised their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a neutral rating in a research report on Thursday, August 1st. National Bankshares raised their target price on Boardwalk Real Estate Investment Trust from C$90.00 to C$93.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Scotiabank lifted their price objective on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$89.90.

Boardwalk Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.77. Boardwalk Real Estate Investment Trust has a 1-year low of C$63.09 and a 1-year high of C$88.00. The business’s 50 day moving average is C$79.03 and its 200-day moving average is C$75.21. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of ∞. Boardwalk Real Estate Investment Trust’s payout ratio is presently 10.93%.

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.