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 given a dividend of 0.135 per share by the real estate investment trust on Monday, June 16th. This represents a $1.62 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, May 30th.
Boardwalk Real Estate Investment Trust Stock Performance
BEI.UN stock traded up C$0.97 during trading on Thursday, reaching C$70.55. 107,205 shares of the company's stock were exchanged, compared to its average volume of 132,858. 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$3.49 billion, a PE ratio of 5.22, a P/E/G ratio of 1.24 and a beta of 1.76. The company's fifty day moving average price is C$64.82 and its 200-day moving average price is C$65.24. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th. Raymond James lifted their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. National Bankshares downgraded shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$80.00 to C$72.00 in a report on Monday, April 14th. TD Securities raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Scotiabank lowered 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Boardwalk Real Estate Investment Trust presently has a consensus rating of "Hold" and an average target price of C$80.64.
Read Our Latest Stock Analysis on Boardwalk Real Estate Investment Trust
About Boardwalk Real Estate Investment Trust
(
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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.
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