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

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

Boardwalk Real Estate Investment Trust Trading Up 2.5 %

Shares of Boardwalk Real Estate Investment Trust stock opened at C$63.62 on Wednesday. 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 stock has a market capitalization of C$3.14 billion, a P/E ratio of 4.71, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.27 and a 52-week high of C$91.81. The stock’s 50-day simple moving average is C$65.52 and its 200 day simple moving average is C$74.83.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison acquired 650 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Corporate insiders own 17.92% of the company’s stock.

Analyst Ratings Changes

BEI.UN has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares cut their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. TD Securities cut their price objective 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. Raymond James cut their price objective on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. Finally, BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$85.53.

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.