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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Tuesday, March 31st, TickerTech Dividends reports. Investors of record on Wednesday, April 15th will be given a dividend of 0.15 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 31st.

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN stock opened at C$62.48 on Tuesday. The stock’s 50 day moving average price is C$66.09 and its 200 day moving average price is C$65.99. The firm has a market cap of C$3.31 billion, a P/E ratio of 16.27, a PEG ratio of 1.24 and a beta of 0.40. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%.The company had revenue of C$164.85 million for the quarter. On average, sell-side analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on BEI.UN. National Bank Financial dropped their price objective on Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. TD Securities decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. BMO Capital Markets lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating for the company in a report on Monday, February 23rd. Scotiabank cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating for the company in a research report on Monday, February 23rd. Finally, Raymond James Financial reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating on the stock in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$81.19.

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.