Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Declares Monthly Dividend of $0.14

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) announced a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Stockholders 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 dividend yield of 2.43%. 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 Trading Up 2.7 %

Boardwalk Real Estate Investment Trust stock traded up C$1.74 during mid-day trading on Thursday, hitting C$66.75. The company's stock had a trading volume of 84,947 shares, compared to its average volume of 138,886. The business has a 50 day moving average price of C$64.31 and a 200-day moving average price of C$66.62. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 12 month low of C$59.10 and a 12 month high of C$91.81. The stock has a market cap of C$3.30 billion, a price-to-earnings ratio of 4.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BEI.UN shares. CIBC dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a report on Monday, February 24th. Scotiabank dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th. National Bankshares downgraded shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$80.00 to C$72.00 in a research note on Monday, April 14th. Finally, Raymond James dropped 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$81.50.

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.