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

Key Points

• Boardwalk Real Estate Investment Trust announced a monthly dividend of $0.14 per share, which equates to an annualized dividend of $1.62 and a yield of 2.28%, payable to shareholders on August 15th.
• The company's stock has a market capitalization of C$3.52 billion and is currently trading at C$71.19, having seen a recent decrease of 0.3%.
• Analysts have set new price targets for the stock, with a consensus average target price of C$81.71 and a rating of "Moderate Buy" among various research firms.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Investors of record on Friday, August 15th will be given a dividend of 0.135 per share by the real estate investment trust on Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, July 31st.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN traded down C$0.05 during trading hours on Friday, hitting C$71.40. The stock had a trading volume of 230,523 shares, compared to its average volume of 121,411. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The firm has a 50-day moving average price of C$70.20 and a 200 day moving average price of C$66.28. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.10 and a fifty-two week high of C$91.81. The firm has a market capitalization of C$3.53 billion, a price-to-earnings ratio of 5.28, a PEG ratio of 1.24 and a beta of 1.76.

About Boardwalk Real Estate Investment Trust

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.