Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Increased to C$100.00 by Analysts at TD Securities

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target hoisted by TD Securities from C$95.00 to C$100.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on BEI.UN. BMO Capital Markets upped their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an outperform rating in a research report on Monday, May 13th. Raymond James upped their price objective on Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a strong-buy rating in a research report on Thursday, August 1st. National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$90.00 to C$93.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Finally, CIBC upped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a neutral rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$89.50.

Boardwalk Real Estate Investment Trust Stock Up 1.7 %

Boardwalk Real Estate Investment Trust stock opened at C$87.25 on Wednesday. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$63.09 and a fifty-two week high of C$87.39. The stock’s fifty day moving average is C$78.00 and its two-hundred day moving average is C$74.96. The firm has a market capitalization of C$4.31 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. This represents a $1.44 annualized dividend and a yield of 1.65%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.87%.

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.