Boardwalk Real Estate Investment Trust (BEI.UN) to Issue Monthly Dividend of $0.12 on August 15th

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, August 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, July 31st.

Boardwalk Real Estate Investment Trust Trading Up 0.8 %

TSE BEI.UN opened at C$79.45 on Monday. The firm has a market cap of C$3.92 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74. Boardwalk Real Estate Investment Trust has a 52 week low of C$63.00 and a 52 week high of C$80.27. The company has a quick ratio of 0.04, a current ratio of 0.28 and a debt-to-equity ratio of 80.87. The company has a 50 day moving average price of C$72.06 and a 200 day moving average price of C$72.92.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BEI.UN shares. BMO Capital Markets increased their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a report on Monday, May 13th. National Bankshares raised their price target on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a report on Thursday, May 9th. TD Securities cut their price target on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research note on Wednesday, April 24th. Royal Bank of Canada raised their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Thursday, May 9th. Finally, Raymond James set a C$95.00 price objective on shares of Boardwalk Real Estate Investment Trust and gave the company a “strong-buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$85.93.

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.