Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$60.27 and last traded at C$60.96, with a volume of 7069 shares traded. The stock had previously closed at C$60.42.
Analyst Ratings Changes
A number of research analysts have weighed in on BEI.UN shares. Raymond James decreased their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research note on Monday, January 13th. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. National Bankshares cut their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Scotiabank lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Finally, TD Securities cut their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$84.98.
Get Our Latest Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Performance
Boardwalk Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 17th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.
Insider Transactions at Boardwalk Real Estate Investment Trust
In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is owned by corporate insiders.
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.
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