Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Reaches New 1-Year High at $80.27

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$80.27 and last traded at C$79.70, with a volume of 36615 shares trading hands. The stock had previously closed at C$78.19.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BEI.UN. Royal Bank of Canada raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Thursday, May 9th. BMO Capital Markets raised their target price on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Raymond James set a C$95.00 target price on shares of Boardwalk Real Estate Investment Trust and gave the stock a “strong-buy” rating in a research note on Wednesday. TD Securities reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research report on Wednesday, April 24th. Finally, National Bankshares boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$85.93.

Boardwalk Real Estate Investment Trust Trading Up 1.2 %

The company has a debt-to-equity ratio of 80.87, a quick ratio of 0.04 and a current ratio of 0.28. The company’s fifty day simple moving average is C$71.69 and its 200-day simple moving average is C$72.70. The company has a market capitalization of C$3.91 billion, a P/E ratio of 4.97, a PEG ratio of 1.24 and a beta of 1.74.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Wednesday, July 31st. Boardwalk Real Estate Investment Trust’s payout ratio is 9.04%.

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.