Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$98.00 Price Target at Royal Bank of Canada

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target upped by Royal Bank of Canada from C$88.00 to C$98.00 in a research note published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also commented on BEI.UN. TD Securities upped their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$95.00 and gave the company a buy rating in a research note on Thursday. BMO Capital Markets upped their price target 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 note on Monday, May 13th. Scotiabank upped their price target on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an outperform rating in a research note on Thursday. National Bankshares upped their price target on shares of 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 shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a strong-buy rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus target price of C$89.00.

Boardwalk Real Estate Investment Trust Stock Down 1.5 %

Boardwalk Real Estate Investment Trust stock opened at C$78.57 on Thursday. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$63.00 and a fifty-two week high of C$80.27. The firm has a market capitalization of C$3.88 billion, a PE ratio of 4.93, a P/E/G ratio of 1.24 and a beta of 1.74. The company’s 50-day moving average is C$72.72 and its 200-day moving average is C$73.27. The company has a debt-to-equity ratio of 80.87, a current ratio of 0.28 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, July 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 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.