Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Raised to C$88.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price upped by TD Securities from C$87.00 to C$88.00 in a research note released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Raymond James Financial upped their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. CIBC lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. National Bankshares raised their target price on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Desjardins lifted their price target on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$83.88.

Boardwalk Real Estate Investment Trust Stock Down 0.4%

TSE:BEI.UN opened at C$63.63 on Thursday. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.10 and a twelve month high of C$75.37. The firm has a market capitalization of C$3.40 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.24 and a beta of 0.64. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The stock’s 50 day moving average price is C$68.09 and its two-hundred day moving average price is C$68.78.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 15th will be paid a $0.135 dividend. The ex-dividend date is Friday, November 28th. This represents a c) annualized dividend and a yield of 2.5%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently 31.90%.

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.