Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Raised to C$84.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target raised by Royal Bank Of Canada from C$81.00 to C$84.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Desjardins reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. TD dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Scotia dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. National Bank Financial cut their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a report on Monday, April 20th. Finally, Raymond James Financial lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from C$82.00 to C$80.00 in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$79.28.

Boardwalk Real Estate Investment Trust Trading Down 0.9%

Shares of BEI.UN stock opened at C$66.25 on Thursday. The company’s 50-day moving average price is C$65.26 and its 200-day moving average price is C$65.77. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock has a market cap of C$3.44 billion, a price-to-earnings ratio of -77.94, a PEG ratio of 1.24 and a beta of 0.53. Boardwalk Real Estate Investment Trust has a twelve month low of C$60.75 and a twelve month high of C$73.96.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.15 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, July 31st. Boardwalk Real Estate Investment Trust’s payout ratio is -199.41%.

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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.