Boardwalk Real Estate Investment Trust (BEI.UN) To Go Ex-Dividend on January 31st

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Monday, February 17th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, February 17th. This represents a $1.44 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, January 31st.

Boardwalk Real Estate Investment Trust Stock Up 0.3 %

BEI.UN stock opened at C$63.82 on Wednesday. The company has a market capitalization of C$3.15 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 52 week low of C$60.27 and a 52 week high of C$91.81. The firm’s 50-day moving average is C$65.52 and its two-hundred day moving average is C$74.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BEI.UN shares. Scotiabank decreased their price objective on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Royal Bank of Canada cut their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares lowered their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Finally, TD Securities reduced their price target on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$85.53.

Insiders Place Their Bets

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

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.