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Boardwalk REIT (TSE:BEI.UN) was downgraded by stock analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Wednesday.

The company also recently announced a dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.1563 per share. The ex-dividend date is Wednesday, May 28th.

A number of other firms have also recently commented on BEI.UN. Analysts at TD Securities raised their price target on shares of Boardwalk REIT from C$69.00 to C$71.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Boardwalk REIT from C$65.00 to C$68.00 in a research note on Friday, May 16th. Finally, analysts at Canaccord Genuity raised their price target on shares of Boardwalk REIT from C$61.00 to C$65.00 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Boardwalk REIT has an average rating of “Hold” and a consensus target price of C$67.95.

Boardwalk Real Estate Investment Trust (TSE:BEI) is an open-ended real estate investment trust.

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