Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Increased to C$96.00 by Analysts at National Bankshares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective upped by National Bankshares from C$93.00 to C$96.00 in a research report released on Wednesday, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. Raymond James cut shares of Boardwalk Real Estate Investment Trust from a strong-buy rating to an outperform rating and lifted their target price for the company from C$96.00 to C$100.00 in a research note on Friday, September 6th. Scotiabank boosted their price objective 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 report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. TD Securities boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Finally, CIBC boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a neutral rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of C$90.20.

Boardwalk Real Estate Investment Trust Stock Up 2.0 %

BEI.UN stock opened at C$80.39 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The business’s 50-day simple moving average is C$84.19 and its 200 day simple moving average is C$76.92. The company has a market cap of C$3.97 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a twelve month low of C$63.64 and a twelve month high of C$91.81.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, October 31st. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Insider Activity

In other news, Senior Officer James Ha sold 8,100 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. 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.