Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday after Raymond James lowered their price target on the stock from C$91.00 to C$82.00. The stock traded as low as C$61.07 and last traded at C$61.80, with a volume of 137135 shares. The stock had previously closed at C$61.75.
Several other brokerages have also commented on BEI.UN. Royal Bank of Canada decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares decreased their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities dropped their price objective on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Scotiabank lowered their target price on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Finally, BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and cut their price target for the stock from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust has an average rating of "Moderate Buy" and an average target price of C$84.98.
Read Our Latest Stock Report on Boardwalk Real Estate Investment Trust
Insider Buying and Selling at Boardwalk Real Estate Investment Trust
In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of C$64.76 per share, with a total value of C$42,094.98. 17.92% of the stock is owned by corporate insiders.
Boardwalk Real Estate Investment Trust Stock Performance
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 company has a 50 day moving average price of C$67.51 and a 200 day moving average price of C$75.41. The company has a market capitalization of C$3.03 billion, a PE ratio of 4.54, a PEG ratio of 1.24 and a beta of 1.76.
Boardwalk Real Estate Investment Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 17th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, January 31st. Boardwalk Real Estate Investment Trust's payout ratio is 10.66%.
About Boardwalk Real Estate Investment Trust
(
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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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