Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$80.27 and last traded at C$79.70, with a volume of 36615 shares traded. The stock had previously closed at C$78.19.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Raymond James set a C$95.00 price target on Boardwalk Real Estate Investment Trust and gave the company a “strong-buy” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a research note on Thursday, May 9th. TD Securities cut their target price on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a report on Wednesday, April 24th. National Bankshares boosted 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, BMO Capital Markets upped 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. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$85.93.
Check Out 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 declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, July 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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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