Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Free Report) had its price target reduced by National Bankshares from C$96.00 to C$90.00 in a research note released on Thursday,BayStreet.CA reports.
Several other equities research analysts have also recently weighed in on the company. Raymond James cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from C$96.00 to C$100.00 in a research note on Friday, September 6th. CIBC increased their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BMO Capital Markets lowered their target price on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. Scotiabank reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Finally, TD Securities decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$87.28.
View Our Latest Stock Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Price Performance
Boardwalk Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.00%. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.
Insider Activity
In related news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. Insiders own 17.92% of the company’s stock.
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.
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