Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Free Report) had its price target boosted by CIBC from C$81.00 to C$86.00 in a report published on Thursday, BayStreet.CA reports. They currently have a neutral rating on the real estate investment trust’s stock.
A number of other brokerages have also recently weighed in on BEI.UN. Scotiabank increased their price target on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an outperform rating in a research note on Thursday. Royal Bank of Canada raised their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an outperform rating in a report on Thursday. BMO Capital Markets upped their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an outperform rating in a research note on Monday, May 13th. National Bankshares lifted their target price on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research note on Thursday, May 9th. Finally, Raymond James upped their price target on Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the stock a strong-buy rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of C$89.00.
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Boardwalk Real Estate Investment Trust Stock Performance
Boardwalk Real Estate Investment Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. Boardwalk Real Estate Investment Trust’s payout ratio is 9.04%.
About Boardwalk Real Estate Investment Trust
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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