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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective decreased by Raymond James from C$91.00 to C$82.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on BEI.UN. BMO Capital Markets cut 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 report on Wednesday, December 18th. Scotiabank dropped 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. Royal Bank of Canada dropped their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. TD Securities cut 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 report on Thursday, November 7th. Finally, National Bankshares reduced their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$84.98.

Boardwalk Real Estate Investment Trust Stock Up 1.3 %

TSE BEI.UN opened at C$61.91 on Monday. The company has a market capitalization of C$3.06 billion, a P/E ratio of 4.58, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 12 month low of C$61.00 and a 12 month 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. The company’s 50 day simple moving average is C$67.10 and its 200 day simple moving average is C$75.27.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 17th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, January 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is 10.66%.

Insider Buying and Selling

In related news, Director Scott Andrew Morrison purchased 850 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of C$69.75 per share, with a total value of C$59,288.01. 17.92% of the stock is currently owned by corporate 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.