Boardwalk Real Estate Investment Trust Announces Monthly Dividend of $0.12 (TSE:BEI.UN)

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, March 17th. This represents a $1.44 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, February 28th.

Boardwalk Real Estate Investment Trust Stock Down 0.3 %

Shares of TSE:BEI.UN traded down C$0.17 during trading on Friday, reaching C$63.79. 111,482 shares of the stock traded hands, compared to its average volume of 146,219. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.53 and a 52-week high of C$91.81. The stock has a market cap of C$3.15 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The stock has a 50-day moving average of C$63.30 and a two-hundred day moving average of C$73.15. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Analysts Set New Price Targets

A number of research firms recently issued reports on BEI.UN. 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. Royal Bank of Canada cut their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Raymond James cut their target price on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. CIBC dropped their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. Finally, BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Boardwalk Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of C$84.31.

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Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison bought 650 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of C$64.76 per share, with a total value of C$42,094.98. 17.92% of the stock is currently owned by corporate insiders.

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.