Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Increases Dividend to $0.14 Per Share

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be given a dividend of 0.135 per share by the real estate investment trust on Thursday, May 15th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Wednesday, April 30th. This is a 12.5% increase from Boardwalk Real Estate Investment Trust’s previous monthly dividend of $0.12.

Boardwalk Real Estate Investment Trust Trading Up 0.1 %

BEI.UN stock opened at C$64.48 on Monday. The firm has a market cap of C$3.19 billion, a PE ratio of 4.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The firm has a fifty day moving average price of C$64.27 and a 200 day moving average price of C$66.97. 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 fifty-two week low of C$59.10 and a fifty-two week high of C$91.81.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BEI.UN. Scotiabank reduced their target price on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th. National Bankshares cut shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$80.00 to C$72.00 in a research report on Monday, April 14th. Raymond James dropped their target price 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, CIBC decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$81.50.

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.