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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target trimmed by Scotiabank from C$79.50 to C$78.50 in a research report released on Monday,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. National Bankshares dropped their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. CIBC dropped their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday. TD Securities dropped their price target 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 report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their price target on Boardwalk Real Estate Investment Trust from C$98.00 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 assigned a buy rating to the company. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of C$84.31.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock opened at C$64.13 on Monday. The stock’s fifty day moving average is C$63.28 and its two-hundred day moving average is C$73.31. The company has a market capitalization of C$3.17 billion, a PE ratio of 4.75, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. 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 has a 52 week low of C$59.53 and a 52 week high of C$91.81.

Boardwalk Real Estate Investment Trust Dividend Announcement

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

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was bought 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 corporate 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.