National Bankshares Increases Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$93.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price boosted by National Bankshares from C$90.00 to C$93.00 in a report issued on Thursday, BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also commented on the stock. Raymond James raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the stock a strong-buy rating in a research note on Thursday. Scotiabank raised 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 note on Thursday. Royal Bank of Canada raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an outperform rating in a research note on Thursday. TD Securities raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$95.00 and gave the stock a buy rating in a research note on Thursday. Finally, BMO Capital Markets raised their price objective 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 equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of C$89.00.

Boardwalk Real Estate Investment Trust Trading Down 1.0 %

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

Boardwalk Real Estate Investment Trust Dividend Announcement

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