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

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 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 dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, February 28th.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN traded up C$0.24 during trading hours on Wednesday, hitting C$64.83. 9,781 shares of the stock were exchanged, compared to its average volume of 146,404. The firm’s fifty day moving average price is C$63.27 and its 200 day moving average price is C$73.37. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.53 and a 52-week high of C$91.81. The company has a market cap of C$3.20 billion, a P/E ratio of 4.80, a P/E/G 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.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. CIBC reduced their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday. TD Securities reduced their target price 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. National Bankshares decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, Scotiabank reduced their price target on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Boardwalk Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of C$84.50.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other news, Director Scott Andrew Morrison acquired 650 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$64.76 per share, with a total value of C$42,094.98. 17.92% of the stock is owned by corporate insiders.

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.