Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Downgraded to Sector Perform Rating by National Bankshares

National Bankshares cut shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) from an outperform rating to a sector perform rating in a report published on Monday morning,BayStreet.CA reports. The firm currently has C$72.00 price target on the real estate investment trust’s stock, down from their previous price target of C$80.00.

Other research analysts have also issued research reports about the company. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. CIBC lowered their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. Raymond James decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. Finally, Scotiabank lowered their target price on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Boardwalk Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of C$81.50.

Boardwalk Real Estate Investment Trust Trading Up 1.3 %

Shares of TSE:BEI.UN opened at C$61.32 on Monday. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The company’s 50-day moving average price is C$64.57 and its two-hundred day moving average price is C$68.32. The stock has a market capitalization of C$3.03 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a one year low of C$59.10 and a one year high of C$91.81.

Boardwalk Real Estate Investment Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.135 per share. This is a positive change from Boardwalk Real Estate Investment Trust’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.62 annualized dividend and a yield of 2.64%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

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.