Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors of record on Monday, August 17th will be given a dividend of 0.15 per share by the real estate investment trust on Monday, August 17th. This represents a c) annualized dividend 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 52 week low of C$60.75 and a 52 week high of C$75.37. The firm has a 50 day moving average of C$65.13 and a 200 day moving average of C$65.79. 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 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 Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Raymond James Financial downgraded Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from C$82.00 to C$80.00 in a research report on Friday, May 8th. National Bank Financial dropped 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. Desjardins reduced their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. TD reduced 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 report on Thursday, May 7th. Finally, Royal Bank Of Canada decreased their price target on Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.
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