Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$82.00 Price Target at Raymond James

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price trimmed by Raymond James from C$91.00 to C$82.00 in a research report report published on Monday morning,BayStreet.CA reports.

BEI.UN has been the topic of a number of other research reports. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. TD Securities reduced their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Scotiabank decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. National Bankshares decreased their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$84.98.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN opened at C$61.80 on Monday. The company has a market capitalization of C$3.05 billion, a price-to-earnings ratio of 4.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$61.07 and a fifty-two week high of C$91.81. The firm has a 50-day simple moving average of C$67.51 and a 200-day simple moving average of C$75.41. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 17th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 10.66%.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 850 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of C$69.75 per share, with a total value of C$59,288.01. 17.92% of the stock is owned by company insiders.

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.