Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$88.00 and last traded at C$88.00, with a volume of 46072 shares trading hands. The stock had previously closed at C$86.65.
Wall Street Analysts Forecast Growth
BEI.UN has been the subject of a number of research analyst reports. Scotiabank upped their price objective on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. National Bankshares increased their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Raymond James cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from C$96.00 to C$100.00 in a research report on Friday, September 6th. Finally, TD Securities increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$89.90.
Check Out Our Latest Analysis on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Price Performance
Boardwalk Real Estate Investment Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be paid 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 yield of 1.61%. Boardwalk Real Estate Investment Trust’s payout ratio is currently 10.93%.
Insider Transactions at Boardwalk Real Estate Investment Trust
In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. Insiders own 17.94% of the company’s stock.
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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