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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Friday, August 30th, TickerTech reports. Investors of record on Monday, September 16th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, September 16th. This represents a $1.44 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, August 30th.

Boardwalk Real Estate Investment Trust Stock Down 0.9 %

TSE BEI.UN traded down C$0.74 on Wednesday, hitting C$84.73. The stock had a trading volume of 31,310 shares, compared to its average volume of 105,650. The business’s fifty day moving average price is C$76.36 and its 200 day moving average price is C$74.44. The stock has a market cap of C$4.19 billion, a price-to-earnings ratio of 6.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. 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 52-week low of C$63.09 and a 52-week high of C$86.10.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Scotiabank boosted their target price on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. CIBC boosted their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Raymond James upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a “strong-buy” rating in a report on Thursday, August 1st. TD Securities lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets boosted their target price on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$89.00.

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.