Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Increased to C$86.00 by Analysts at CIBC

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) 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.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN stock traded down C$0.80 during trading hours on Thursday, hitting C$78.96. The stock had a trading volume of 7,356 shares, compared to its average volume of 107,718. The company has a debt-to-equity ratio of 80.87, a current ratio of 0.28 and a quick ratio of 0.04. The firm has a market capitalization of C$3.90 billion, a PE ratio of 5.01, a PEG ratio of 1.24 and a beta of 1.74. The stock’s 50 day moving average is C$72.57 and its 200 day moving average is C$73.21. Boardwalk Real Estate Investment Trust has a twelve month low of C$63.00 and a twelve month high of C$80.27.

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.