TD Securities Lowers Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$95.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective trimmed by TD Securities from C$100.00 to C$95.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. National Bankshares increased their target price on shares of Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a research report on Wednesday, October 9th. CIBC increased their target price on shares of 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 reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada increased their target price 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. Finally, Raymond James cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from C$96.00 to C$100.00 in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.28.

Boardwalk Real Estate Investment Trust Stock Down 1.0 %

Boardwalk Real Estate Investment Trust stock opened at C$71.37 on Thursday. Boardwalk Real Estate Investment Trust has a twelve month low of C$64.40 and a twelve month high of C$91.81. The firm has a 50 day moving average price of C$82.34 and a 200-day moving average price of C$76.81. The company has a market capitalization 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. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Announces Dividend

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

Insiders Place Their Bets

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. Corporate insiders own 17.92% of the company’s stock.

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.