Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT Raised to C$96.00 at National Bankshares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price raised by National Bankshares from C$93.00 to C$96.00 in a report published on Wednesday morning, BayStreet.CA reports.

Other analysts have also issued reports about the company. Royal Bank of Canada boosted their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an outperform rating in a research note on Thursday, August 1st. CIBC increased their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Scotiabank increased their target price on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an outperform rating in a report on Thursday, August 1st. Raymond James cut Boardwalk Real Estate Investment Trust from a strong-buy rating to an outperform rating and increased their price objective for the stock from C$96.00 to C$100.00 in a report on Friday, September 6th. Finally, TD Securities raised their price objective on 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$90.20.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$80.39 on Wednesday. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$63.64 and a fifty-two week high of C$91.81. The stock has a market cap of C$3.97 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The firm’s 50-day simple moving average is C$84.14 and its 200 day simple moving average is C$76.90.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 10.66%.

Insiders Place Their Bets

In other news, Senior Officer James Ha sold 8,100 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total transaction of C$709,560.00. 17.92% of the stock is currently owned by insiders.

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.