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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Friday, November 15th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, November 15th. This represents a $1.44 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, October 31st.

Boardwalk Real Estate Investment Trust Stock Down 0.4 %

Shares of TSE:BEI.UN opened at C$76.30 on Tuesday. The firm has a market capitalization of C$3.77 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The business has a 50 day simple moving average of C$84.25 and a two-hundred day simple moving average of C$77.02. Boardwalk Real Estate Investment Trust has a 1 year low of C$63.64 and a 1 year high of C$91.81. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Insider Activity

In related news, Senior Officer James Ha sold 8,100 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total transaction of C$709,560.00. Insiders own 17.92% of the company’s stock.

Analyst Ratings Changes

BEI.UN has been the topic of several research analyst reports. BMO Capital Markets cut their price objective on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday. Royal Bank of Canada upped their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. CIBC lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. National Bankshares boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a research report on Wednesday, October 9th. Finally, TD Securities raised their target price on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$90.38.

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.