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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) announced a monthly dividend on Friday, May 30th, TickerTech Dividends reports. Investors of record on Monday, June 16th will be paid a dividend of 0.135 per share by the real estate investment trust on Monday, June 16th. This represents a $1.62 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, May 30th.

Boardwalk Real Estate Investment Trust Trading Down 0.1%

Shares of BEI.UN traded down C$0.09 during midday trading on Friday, hitting C$70.46. The stock had a trading volume of 118,773 shares, compared to its average volume of 132,074. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$91.81. The firm has a market cap of C$3.48 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The stock's 50 day moving average is C$64.91 and its 200 day moving average is C$65.21.

Analysts Set New Price Targets

A number of brokerages have recently commented on BEI.UN. CIBC reduced 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. TD Securities raised their price objective on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Raymond James lifted their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Scotiabank lowered their target price on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday, February 24th. Finally, BMO Capital Markets raised their price target on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$80.64.

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.