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. Shareholders of record on Monday, March 17th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, March 17th. This represents a $1.44 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, February 28th.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock traded up C$0.36 during midday trading on Wednesday, hitting C$64.95. The company had a trading volume of 16,084 shares, compared to its average volume of 146,621. The company has a fifty day simple moving average of C$63.27 and a 200 day simple moving average of C$73.37. The stock has a market cap of C$3.21 billion, a price-to-earnings ratio of 4.81, a PEG ratio of 1.24 and a beta of 1.76. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.53 and a 12-month high of C$91.81.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. National Bankshares decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Scotiabank dropped their price target on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Finally, CIBC decreased their target price on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.50.

Insider Activity

In other news, Director Scott Andrew Morrison acquired 650 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of C$64.76 per share, with a total value of C$42,094.98. Insiders own 17.92% of the company’s stock.

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.