Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Declares Monthly Dividend of $0.15

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be given a dividend of 0.15 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, June 30th.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock opened at C$66.07 on Friday. Boardwalk Real Estate Investment Trust has a 52 week low of C$60.75 and a 52 week high of C$75.37. The business has a 50-day simple moving average of C$65.13 and a 200 day simple moving average of C$65.50. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The stock has a market cap of C$3.43 billion, a price-to-earnings ratio of 72.60, a PEG ratio of 1.24 and a beta of 0.56.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Desjardins dropped their price target on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Scotia decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. TD lowered their target price on shares of 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 dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Finally, Royal Bank Of Canada dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$79.50.

About Boardwalk Real Estate Investment Trust

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.