Scotiabank Cuts Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$81.75

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target lowered by Scotiabank from C$84.75 to C$81.75 in a research report report published on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. Raymond James downgraded Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from C$96.00 to C$100.00 in a report on Friday, September 6th. National Bankshares cut their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday. Royal Bank of Canada raised their price target 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 report on Thursday, August 1st. Finally, TD Securities lowered their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$87.28.

Boardwalk Real Estate Investment Trust Stock Performance

Boardwalk Real Estate Investment Trust stock opened at C$71.37 on Thursday. The firm has a market cap of C$3.53 billion, a P/E ratio of 5.28, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 1-year low of C$64.40 and a 1-year high of C$91.81. The firm has a 50-day moving average of C$82.34 and a 200-day moving average of C$76.81. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.02%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated 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 company insiders.

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.