Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Increases Dividend to $0.14 Per Share

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be paid a dividend of 0.135 per share by the real estate investment trust on Thursday, May 15th. This represents a $1.62 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Wednesday, April 30th. This is a 12.5% increase from Boardwalk Real Estate Investment Trust's previous monthly dividend of $0.12.

Boardwalk Real Estate Investment Trust Stock Up 0.1 %

Shares of BEI.UN stock traded up C$0.07 during trading hours on Friday, hitting C$66.82. 66,679 shares of the company's stock traded hands, compared to its average volume of 138,037. 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 stock has a market cap of C$3.30 billion, a price-to-earnings ratio of 4.95, a PEG ratio of 1.24 and a beta of 1.76. The stock's fifty day simple moving average is C$64.42 and its two-hundred day simple moving average is C$66.45. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.10 and a 12-month high of C$91.81.

Analysts Set New Price Targets

Several brokerages recently commented on BEI.UN. Raymond James reduced their price objective on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. National Bankshares lowered shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$80.00 to C$72.00 in a research report on Monday, April 14th. Scotiabank dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday, February 24th. Finally, CIBC cut their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$81.50.

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.