Boardwalk Real Estate Investment Trust (BEI.UN) to Issue Monthly Dividend of $0.15 on June 15th

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.15 per share by the real estate investment trust on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, May 29th.

Boardwalk Real Estate Investment Trust Trading Down 0.3%

TSE BEI.UN opened at C$64.70 on Wednesday. Boardwalk Real Estate Investment Trust has a 12 month low of C$60.75 and a 12 month high of C$75.37. The stock has a market cap of C$3.37 billion, a P/E ratio of 71.10, a P/E/G ratio of 1.24 and a beta of 0.40. The stock’s fifty day moving average price is C$65.03 and its 200-day moving average price is C$65.40. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Wall Street Analysts Forecast Growth

BEI.UN has been the topic of a number of recent research reports. Raymond James Financial cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from C$82.00 to C$80.00 in a research note on Friday, May 8th. TD cut their target price on Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. National Bank Financial cut their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Royal Bank Of Canada cut their target price on Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, BMO Capital Markets cut their target price on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$79.50.

Boardwalk Real Estate Investment Trust Company Profile

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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.