Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Rating Lowered by Raymond James

Raymond James cut shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) from a strong-buy rating to an outperform rating in a research note published on Friday morning, BayStreet.CA reports. Raymond James currently has C$100.00 price objective on the real estate investment trust’s stock, up from their previous price objective of C$96.00.

A number of other brokerages also recently issued reports on BEI.UN. Royal Bank of Canada upped their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an outperform rating in a report on Thursday, August 1st. TD Securities boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a buy rating in a research report on Wednesday, September 4th. Scotiabank raised their price objective on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an outperform rating in a report on Thursday, August 1st. BMO Capital Markets boosted their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an outperform rating in a report on Monday, May 13th. Finally, CIBC lifted their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a neutral rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$89.90.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN opened at C$87.84 on Friday. The firm has a market capitalization of C$4.34 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 1.24 and a beta of 1.77. The firm’s fifty day simple moving average is C$79.38 and its 200-day simple moving average is C$75.32. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a twelve month low of C$63.09 and a twelve month high of C$88.15.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be issued 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 1.64%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is presently 10.93%.

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.