Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$80.00 Price Target at CIBC

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective decreased by CIBC from C$86.00 to C$80.00 in a report issued on Monday,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. Raymond James decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. TD Securities decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a 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. Royal Bank of Canada decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$84.50.

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN stock opened at C$63.57 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 12 month low of C$59.53 and a 12 month high of C$91.81. The firm has a market cap of C$3.14 billion, a P/E ratio of 4.71, a P/E/G ratio of 1.24 and a beta of 1.76. The company’s 50-day moving average price is C$63.41 and its two-hundred day moving average price is C$73.58.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a $0.12 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.27%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 10.66%.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is owned by corporate insiders.

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.