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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.12 per share by the real estate investment trust on Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, October 31st.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE BEI.UN traded down C$1.32 during midday trading on Tuesday, hitting C$74.98. 26,105 shares of the company’s stock were exchanged, compared to its average volume of 117,628. Boardwalk Real Estate Investment Trust has a 12 month low of C$63.64 and a 12 month high of C$91.81. The company’s 50 day moving average price is C$84.25 and its 200 day moving average price is C$77.02. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The firm has a market capitalization of C$3.70 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Insider Activity at Boardwalk Real Estate Investment Trust

In other news, Senior Officer James Ha sold 8,100 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total transaction of C$709,560.00. 17.92% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. National Bankshares upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a report on Wednesday, October 9th. Raymond James lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from C$96.00 to C$100.00 in a research note on Friday, September 6th. BMO Capital Markets cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday. Scotiabank decreased their target price on Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, CIBC lifted their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$90.38.

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.