TD Securities Issues Pessimistic Forecast for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

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

A number of other analysts have also recently weighed in on BEI.UN. Scotiabank decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their target price on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. CIBC raised their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. National Bankshares upped their target price on shares of Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a research note on Wednesday, October 9th. Finally, Raymond James cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from C$96.00 to C$100.00 in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$87.28.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock traded down C$0.07 during trading hours on Thursday, reaching C$72.04. 18,294 shares of the stock were exchanged, compared to its average volume of 123,809. The stock has a 50 day moving average of C$82.63 and a two-hundred day moving average of C$76.83. The company has a market cap of C$3.56 billion, a P/E ratio of 5.34, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a twelve month low of C$64.40 and a twelve month high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In related news, Senior Officer James Ha sold 8,100 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. Insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Company Profile

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.