Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$72.39 and traded as high as C$73.29. Boardwalk Real Estate Investment Trust shares last traded at C$72.76, with a volume of 47,816 shares trading hands.
Analyst Ratings Changes
BEI.UN has been the topic of a number of recent research reports. Cormark increased their target price on Boardwalk Real Estate Investment Trust from C$72.00 to C$86.00 in a research note on Thursday, March 14th. BMO Capital Markets increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Royal Bank of Canada lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Thursday, May 9th. National Bankshares increased their price target on shares of Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a report on Thursday, May 9th. Finally, TD Securities decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$84.92.
Get Our Latest Research Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Down 0.5 %
Boardwalk Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.95%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 9.04%.
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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