Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Raised to C$81.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price lifted by National Bank Financial from C$79.00 to C$81.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada boosted their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the company an “outperform” rating in a research report on Thursday. Desjardins lowered their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. TD lowered their target price on Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Scotia dropped their target price on Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, Raymond James Financial cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from C$82.00 to C$80.00 in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.28.

Boardwalk Real Estate Investment Trust Stock Down 0.9%

BEI.UN stock opened at C$66.25 on Thursday. The company has a market cap of C$3.44 billion, a price-to-earnings ratio of -77.94, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53. The company has a fifty day moving average price of C$65.26 and a 200 day moving average price of C$65.77. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 12 month low of C$60.75 and a 12 month high of C$73.96.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be given a $0.15 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.7%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -199.41%.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.