Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$98.00 Price Target at Royal Bank of Canada

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target increased by Royal Bank of Canada from C$88.00 to C$98.00 in a research report released on Thursday, BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

BEI.UN has been the topic of several other reports. National Bankshares lifted their target price on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research note on Thursday, May 9th. TD Securities lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$95.00 and gave the company a buy rating in a research report on Thursday. 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. Raymond James increased their target price on Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a strong-buy rating in a report on Thursday. Finally, BMO Capital Markets raised their price target on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an outperform rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of C$89.00.

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN stock traded down C$0.80 on Thursday, hitting C$78.96. The company’s stock had a trading volume of 7,356 shares, compared to its average volume of 107,718. The stock has a market cap of C$3.90 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74. The firm has a 50 day moving average of C$72.57 and a two-hundred day moving average of C$73.21. The company has a current ratio of 0.28, a quick ratio of 0.04 and a debt-to-equity ratio of 80.87. Boardwalk Real Estate Investment Trust has a 1 year low of C$63.00 and a 1 year high of C$80.27.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.44 annualized dividend and a yield of 1.82%. Boardwalk Real Estate Investment Trust’s payout ratio is 9.04%.

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.