Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$60.75 and last traded at C$60.81, with a volume of 92092 shares traded. The stock had previously closed at C$62.33.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Scotiabank dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. National Bank Financial raised their price target on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$79.28.
Get Our Latest Report on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Down 2.2%
Boardwalk Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. Boardwalk Real Estate Investment Trust’s payout ratio is presently -199.41%.
Boardwalk Real Estate Investment Trust Company Profile
Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.
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