Boardwalk Real Estate Investment Trust to Issue Monthly Dividend of $0.15 (TSE:BEI.UN)

Key Points

• Boardwalk Real Estate Investment Trust declared a monthly dividend of C$0.15 per share, with an ex-dividend date of April 30 and shareholders of record to be paid on May 15, implying an annualized yield of about 2.7%.
• The stock trades around C$67.50 with a market capitalization of C$3.52 billion, a P/E of 17.58, and a 12‑month range of C$60.75–C$75.37.
• Analysts have trimmed price targets recently, but consensus remains a “Moderate Buy” with an average target of C$81.06.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) declared a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Stockholders of record on Friday, May 15th will be paid a dividend of 0.15 per share by the real estate investment trust on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, April 30th.

Boardwalk Real Estate Investment Trust Stock Up 0.1%

Shares of TSE:BEI.UN opened at C$67.50 on Tuesday. The stock's 50-day moving average price is C$65.36 and its 200-day moving average price is C$65.46. Boardwalk Real Estate Investment Trust has a 12-month low of C$60.75 and a 12-month high of C$75.37. The stock has a market capitalization of C$3.52 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.24 and a beta of 0.40. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) last announced its quarterly earnings data on Friday, February 20th. The real estate investment trust reported C($1.21) earnings per share (EPS) for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. The company had revenue of C$164.85 million for the quarter. On average, equities analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current year.

Analyst Ratings Changes

BEI.UN has been the topic of a number of recent research reports. Raymond James Financial reduced their price objective on Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a "strong-buy" rating on the stock in a research note on Monday, February 23rd. BMO Capital Markets reduced their price objective on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a "market perform" rating on the stock in a research note on Monday, February 23rd. Scotiabank reduced their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a "sector perform" rating on the stock in a research note on Monday, February 23rd. National Bank Financial dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an "outperform" rating for the company in a report on Monday, April 20th. Finally, Desjardins dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a "hold" rating for the company in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$81.06.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites.

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