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, January 31st,TickerTech Dividends reports. Stockholders of record on Monday, February 17th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, February 17th. This represents a $1.44 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, January 31st.

Boardwalk Real Estate Investment Trust Stock Down 0.3 %

Shares of BEI.UN traded down C$0.17 on Friday, reaching C$62.65. The company's stock had a trading volume of 133,241 shares, compared to its average volume of 148,353. Boardwalk Real Estate Investment Trust has a twelve month low of C$60.27 and a twelve month high of C$91.81. The stock has a market capitalization of C$3.09 billion, a PE ratio of 4.64, a PEG ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The firm has a fifty day moving average of C$65.21 and a 200-day moving average of C$74.66.

Insider Activity

In related news, Director Scott Andrew Morrison purchased 650 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of C$64.76 per share, with a total value of C$42,094.98. Insiders own 17.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TD Securities reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Scotiabank dropped their target price on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. Raymond James reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$85.53.

Boardwalk Real Estate Investment Trust Company Profile

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.