Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Increased to C$86.00 by Analysts at CIBC

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price hoisted by CIBC from C$81.00 to C$86.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. Scotiabank upped their target price on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an outperform rating in a research report on Thursday. TD Securities upped their target price on 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. Raymond James upped their target price on 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. BMO Capital Markets upped their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an outperform rating in a research report on Monday, May 13th. Finally, National Bankshares upped 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. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Buy and an average target price of C$89.00.

Boardwalk Real Estate Investment Trust Trading Down 1.5 %

TSE:BEI.UN opened at C$78.57 on Thursday. The stock’s 50 day moving average price is C$72.72 and its 200 day moving average price is C$73.27. Boardwalk Real Estate Investment Trust has a 52 week low of C$63.00 and a 52 week high of C$80.27. The company has a market capitalization of C$3.88 billion, a P/E ratio of 4.93, 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 quick ratio of 0.04 and a current ratio of 0.28.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a $0.12 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.44 annualized dividend and a yield of 1.83%. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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.