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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, January 31st.

Boardwalk Real Estate Investment Trust Price Performance

Shares of Boardwalk Real Estate Investment Trust stock opened at C$63.62 on Wednesday. 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 one year low of C$60.27 and a one year high of C$91.81. The business’s 50 day simple moving average is C$65.52 and its two-hundred day simple moving average is C$74.83. The stock has a market capitalization of C$3.14 billion, a P/E ratio of 4.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Analyst Upgrades and Downgrades

BEI.UN has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Royal Bank of Canada dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Raymond James reduced their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. TD Securities cut their price objective on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Boardwalk Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$85.53.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated Wednesday, December 18th. The shares were purchased 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 currently owned by corporate insiders.

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.