Boardwalk Real Estate Investment Trust (BEI.UN) to Issue Monthly Dividend of $0.12 on November 15th

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Shareholders of record on Friday, November 15th will be given 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 of this dividend is Thursday, October 31st.

Boardwalk Real Estate Investment Trust Trading Down 1.7 %

Shares of Boardwalk Real Estate Investment Trust stock traded down C$1.32 during trading on Tuesday, hitting C$74.98. 26,105 shares of the company were exchanged, compared to its average volume of 117,628. The firm has a market capitalization of C$3.70 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The firm’s fifty day moving average price is C$84.25 and its 200 day moving average price is C$77.02. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 1-year low of C$63.64 and a 1-year high of C$91.81.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BEI.UN shares. TD Securities upped their target price on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. CIBC upped their price objective 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 report on Thursday, August 1st. National Bankshares lifted their target price on Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a report on Wednesday, October 9th. Scotiabank lowered their price target on Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Finally, Raymond James cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the company from C$96.00 to C$100.00 in a report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$90.38.

Insider Buying and Selling

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