Boardwalk Real Estate Investment Trust (BEI.UN) To Go Ex-Dividend on July 31st

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors of record on Monday, August 17th will be paid a dividend of 0.15 per share by the real estate investment trust on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st.

Boardwalk Real Estate Investment Trust Trading Up 1.5%

TSE:BEI.UN opened at C$65.80 on Wednesday. Boardwalk Real Estate Investment Trust has a 1-year low of C$60.75 and a 1-year high of C$75.37. The business’s 50-day moving average price is C$65.13 and its two-hundred day moving average price is C$65.79. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The firm has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 72.31, a PEG ratio of 1.24 and a beta of 0.53.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BEI.UN. Desjardins reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a research note 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 for the company in a research note on Thursday, May 7th. National Bank Financial cut their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a report on Monday, April 20th. Scotia reduced their price target 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. Finally, Raymond James Financial lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$82.00 to C$80.00 in a report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently 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.