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, February 28th, TickerTech Dividends reports. Stockholders 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 dividend yield of 2.23%. The ex-dividend date is Friday, February 28th.

Boardwalk Real Estate Investment Trust Stock Up 0.1 %

BEI.UN traded up C$0.08 during trading on Wednesday, reaching C$64.67. The stock had a trading volume of 19,453 shares, compared to its average volume of 146,769. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock’s 50 day moving average is C$63.27 and its two-hundred day moving average is C$73.37. Boardwalk Real Estate Investment Trust has a one year low of C$59.53 and a one year high of C$91.81. The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 4.79, a P/E/G ratio of 1.24 and a beta of 1.76.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. CIBC lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday. BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. National Bankshares decreased their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. 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 note on Monday, January 13th. Finally, TD Securities reduced their price target on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$84.50.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 owned by insiders.

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.