Raymond James downgraded shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Free Report) from a strong-buy rating to an outperform rating in a research report released on Friday morning, BayStreet.CA reports. The firm currently has C$100.00 price objective on the real estate investment trust’s stock, up from their prior price objective of C$96.00.
BEI.UN has been the topic of a number of other reports. TD Securities raised their price target on Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the stock a buy rating in a research note on Wednesday, September 4th. Scotiabank lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an outperform rating in a report on Thursday, August 1st. BMO Capital Markets upped their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an outperform rating in a report on Monday, May 13th. Royal Bank of Canada boosted their price target on 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, CIBC lifted their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a neutral rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$89.90.
Read Our Latest Analysis on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Price Performance
Boardwalk Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Boardwalk Real Estate Investment Trust’s payout ratio is currently 10.93%.
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.
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