Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$80.00 Price Target at CIBC
Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Free Report) had its price objective trimmed by CIBC from C$86.00 to C$80.00 in a report released on Monday morning,BayStreet.CA reports.
Other equities research analysts also recently issued reports about the stock. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Scotiabank lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Royal Bank of Canada lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Finally, Raymond James decreased their price objective on shares of 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 issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$84.50.
Get Our Latest Report on BEI.UN
Boardwalk Real Estate Investment Trust Price Performance
TSE BEI.UN opened at C$63.57 on Monday. The company 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 has a 52 week low of C$59.53 and a 52 week high of C$91.81. 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’s 50-day simple moving average is C$63.41 and its two-hundred day simple moving average is C$73.58.
Boardwalk Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, February 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 10.66%.
Insider Transactions at Boardwalk Real Estate Investment Trust
In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of C$64.76 per share, with a total value of C$42,094.98. Company insiders own 17.92% of the company’s stock.
About Boardwalk Real Estate Investment Trust
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.
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