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

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

Boardwalk Real Estate Investment Trust Trading Up 2.5 %

Shares of TSE BEI.UN opened at C$63.62 on Wednesday. The stock has a market cap 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. The firm has a 50 day moving average price of C$65.52 and a two-hundred day moving average price of C$74.83. 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 52-week low of C$60.27 and a 52-week high of C$91.81.

Analyst Upgrades and Downgrades

BEI.UN has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Scotiabank reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. National Bankshares lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Raymond James cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Boardwalk Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$85.53.

Insider Activity

In other news, Director Scott Andrew Morrison purchased 850 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$69.75 per share, with a total value of C$59,288.01. 17.92% of the stock is owned by company 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.