Boardwalk Real Estate Investment Trust (TSE:BEI.UN) to Issue Monthly Dividend of $0.15

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be paid a dividend of 0.15 per share by the real estate investment trust on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, May 29th.

Boardwalk Real Estate Investment Trust Trading Down 0.3%

Shares of BEI.UN stock opened at C$64.70 on Wednesday. The stock’s fifty day moving average is C$65.03 and its two-hundred day moving average is C$65.40. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The firm has a market capitalization of C$3.37 billion, a P/E ratio of 71.10, a PEG ratio of 1.24 and a beta of 0.40. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$60.75 and a fifty-two week high of C$75.37.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BEI.UN shares. Scotia decreased their price objective on Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Desjardins decreased their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Raymond James Financial lowered Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from C$82.00 to C$80.00 in a report on Friday, May 8th. TD decreased their price objective on Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, National Bank Financial decreased their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.50.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.