Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$89.00.
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Raymond James upped their price target on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 1st. TD Securities upped their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, CIBC upped their price target on shares of 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.
View Our Latest Stock Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Performance
Boardwalk Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.44 annualized dividend and a yield of 1.70%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.87%.
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.
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