Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$78.50 Price Target at Scotiabank

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective decreased by Scotiabank from C$79.50 to C$78.50 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. TD Securities lowered their price objective on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. CIBC decreased their target price on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday. National Bankshares decreased their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Finally, Raymond James decreased their target price on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$84.50.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$63.57 on Monday. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.53 and a fifty-two week high of C$91.81. The business has a 50 day moving average price of C$63.41 and a two-hundred day moving average price of C$73.58. 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 firm has a market cap of C$3.14 billion, a PE ratio of 4.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, February 28th. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Insider Buying and Selling

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Insiders own 17.92% of the company’s stock.

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.