Scotiabank Lowers Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$78.50

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Free Report) had its target price lowered by Scotiabank from C$79.50 to C$78.50 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. CIBC reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday. National Bankshares lowered their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. TD Securities cut 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 research note on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$84.31.

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Boardwalk Real Estate Investment Trust Stock Up 0.3 %

Shares of TSE:BEI.UN traded up C$0.17 on Monday, hitting C$64.30. 36,132 shares of the company traded hands, compared to its average volume of 145,536. The company has a market cap of C$3.18 billion, a PE ratio of 4.76, a PEG ratio of 1.24 and a beta of 1.76. The stock has a 50 day simple moving average of C$63.28 and a 200-day simple moving average of C$73.31. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.53 and a 52 week high of C$91.81. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a yield of 2.24%. Boardwalk Real Estate Investment Trust's dividend payout ratio is presently 10.66%.

Insider Activity

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of C$64.76 per share, with a total value of C$42,094.98. 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.