Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Cut to C$80.00 by Analysts at CIBC

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective lowered by CIBC from C$86.00 to C$80.00 in a research report report published on Monday,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. Raymond James reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research note on Monday, January 13th. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Royal Bank of Canada reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities reduced their price target on shares of 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, National Bankshares cut their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$84.31.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN opened at C$64.13 on Monday. The firm has a market capitalization of C$3.17 billion, a PE ratio of 4.75, a PEG ratio of 1.24 and a beta of 1.76. The company’s 50-day moving average is C$63.28 and its 200-day moving average is C$73.31. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.53 and a fifty-two week high of C$91.81. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 2.25%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Insider Activity

In related news, Director Scott Andrew Morrison acquired 650 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is currently owned by company insiders.

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.