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

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

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$66.07 on Friday. Boardwalk Real Estate Investment Trust has a 1-year low of C$60.75 and a 1-year high of C$75.37. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The business’s fifty day moving average price is C$65.13 and its two-hundred day moving average price is C$65.50. The firm has a market capitalization of C$3.43 billion, a PE ratio of 72.60, a P/E/G ratio of 1.24 and a beta of 0.56.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BEI.UN shares. Royal Bank Of Canada lowered their price target 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. Desjardins reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Raymond James Financial lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from C$82.00 to C$80.00 in a research note on Friday, May 8th. National Bank Financial decreased 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, TD dropped their price target 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. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.