Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Plans Monthly Dividend of $0.14

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) declared 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 annualized dividend and a 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 Stock Up 0.1 %

Shares of TSE:BEI.UN opened at C$64.48 on Monday. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The stock has a market cap of C$3.19 billion, a P/E ratio of 4.77, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.10 and a 1-year high of C$91.81. The firm has a fifty day moving average price of C$64.27 and a 200 day moving average price of C$66.97.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BEI.UN shares. CIBC lowered 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. National Bankshares downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$80.00 to C$72.00 in a research note on Monday, April 14th. Raymond James decreased their target price on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Finally, Scotiabank reduced their price objective on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.