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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, November 15th. This represents a $1.44 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, October 31st.

Boardwalk Real Estate Investment Trust Price Performance

TSE BEI.UN traded down C$1.33 during trading hours on Tuesday, reaching C$74.97. 311,857 shares of the company's stock were exchanged, compared to its average volume of 119,029. The firm has a fifty day moving average of C$84.25 and a 200-day moving average of C$77.02. Boardwalk Real Estate Investment Trust has a one year low of C$63.64 and a one year high of C$91.81. The stock has a market cap of C$3.70 billion, a PE ratio of 5.57, a price-to-earnings-growth 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.

Analyst Ratings Changes

Several research analysts recently weighed in on BEI.UN shares. Scotiabank dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a "sector perform" rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets cut their price target on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research note on Monday. TD Securities lifted their price objective on Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Raymond James cut Boardwalk Real Estate Investment Trust from a "strong-buy" rating to an "outperform" rating and boosted their price objective for the stock from C$96.00 to C$100.00 in a report on Friday, September 6th. Finally, CIBC raised their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$90.38.

Insider Buying and Selling

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. 17.92% of the stock is currently owned by company 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.