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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Monday, February 17th will be given 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 of this dividend is Friday, January 31st.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock opened at C$63.82 on Wednesday. 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 firm has a market cap of C$3.15 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The stock’s 50-day moving average is C$65.52 and its 200-day moving average is C$74.83. Boardwalk Real Estate Investment Trust has a one year low of C$60.27 and a one year high of C$91.81.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Raymond James reduced their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. TD Securities decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut 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 objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$85.53.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought 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 currently owned by corporate insiders.

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.