Boardwalk Real Estate Investment Trust (BEI.UN) to Issue Monthly Dividend of $0.12 on March 17th

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, March 17th. This represents a $1.44 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, February 28th.

Boardwalk Real Estate Investment Trust Stock Up 0.4 %

BEI.UN traded up C$0.28 during trading on Wednesday, reaching C$64.87. 18,653 shares of the stock were exchanged, compared to its average volume of 146,721. The stock’s 50 day moving average price is C$63.27 and its two-hundred day moving average price is C$73.37. The stock has a market cap of C$3.20 billion, a P/E ratio of 4.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.53 and a twelve month high of C$91.81.

Insider Activity at Boardwalk Real Estate Investment Trust

In other news, Director Scott Andrew Morrison bought 650 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price 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.

Analyst Ratings Changes

A number of brokerages have issued reports on BEI.UN. National Bankshares decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. CIBC cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. TD Securities reduced 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, Royal Bank of Canada dropped their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$84.50.

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.