Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Free Report) 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.
Check Out Our Latest Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Up 2.0 %
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.
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