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 Wednesday, July 31st, TickerTech reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, August 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, July 31st.

Boardwalk Real Estate Investment Trust Trading Up 0.8 %

Shares of BEI.UN stock opened at C$79.45 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.28 and a debt-to-equity ratio of 80.87. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$63.00 and a fifty-two week high of C$80.27. The firm’s 50 day moving average price is C$72.06 and its two-hundred day moving average price is C$72.92. The stock has a market cap of C$3.92 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BEI.UN shares. Raymond James set a C$95.00 target price on shares of Boardwalk Real Estate Investment Trust and gave the company a “strong-buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a research note on Thursday, May 9th. BMO Capital Markets raised their target price on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. TD Securities cut their target price on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research note on Wednesday, April 24th. Finally, National Bankshares raised their target price on shares of Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$85.93.

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.