Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Cut to C$82.00 by Analysts at Raymond James

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Free Report) had its price target cut by Raymond James from C$91.00 to C$82.00 in a research note published on Monday,BayStreet.CA reports.

A number of other analysts have also weighed in on BEI.UN. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. TD Securities lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. National Bankshares dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Scotiabank reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$84.98.

Boardwalk Real Estate Investment Trust Trading Up 0.1 %

BEI.UN traded up C$0.05 during trading on Monday, hitting C$61.80. 137,135 shares of the stock were exchanged, compared to its average volume of 109,399. Boardwalk Real Estate Investment Trust has a 1 year low of C$61.07 and a 1 year high of C$91.81. The firm has a market cap of C$3.05 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 1.24 and a beta of 1.76. The firm has a 50 day simple moving average of C$67.51 and a 200 day simple moving average of C$75.41. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 17th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, January 31st. Boardwalk Real Estate Investment Trust's payout ratio is currently 10.66%.

Insiders Place Their Bets

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is owned by insiders.

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.