Raymond James Reiterates “C$95.00” Price Target for Boardwalk Real Estate Investment Trust (TSE:BEI.UN)

Raymond James set a C$95.00 price objective on Boardwalk Real Estate Investment Trust (TSE:BEI.UN) in a report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the real estate investment trust’s stock.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a research note on Thursday, May 9th. National Bankshares lifted their target price on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research report on Thursday, May 9th. TD Securities lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research report on Wednesday, April 24th. Finally, BMO Capital Markets upped their price objective on 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. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$85.93.

Boardwalk Real Estate Investment Trust Trading Up 0.7 %

Shares of Boardwalk Real Estate Investment Trust stock opened at C$79.40 on Wednesday. The company has a market capitalization of C$3.92 billion, a P/E ratio of 4.98, a P/E/G ratio of 1.24 and a beta of 1.74. 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 business has a 50 day moving average price of C$72.06 and a 200 day moving average price of C$72.92. 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 company 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 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, July 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is 9.04%.

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.