Boardwalk Real Estate Investment Trust Declares Monthly Dividend of $0.12 (TSE:BEI.UN)

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, March 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Friday, February 28th.

Boardwalk Real Estate Investment Trust Price Performance

TSE BEI.UN traded up C$0.36 during trading hours on Wednesday, reaching C$64.95. The company’s stock had a trading volume of 16,084 shares, compared to its average volume of 146,621. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.53 and a 1-year high of C$91.81. The company’s 50-day moving average is C$63.27 and its two-hundred day moving average is C$73.37. The firm has a market capitalization of C$3.21 billion, a price-to-earnings ratio of 4.81, a P/E/G ratio of 1.24 and a beta of 1.76.

Insider Buying and Selling

In related news, Director Scott Andrew Morrison acquired 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. National Bankshares decreased their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Royal Bank of Canada decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. CIBC cut their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday. TD Securities reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Raymond James lowered their price objective on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$84.50.

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.