Boardwalk Real Estate Investment Trust Plans Monthly Dividend of $0.12 (TSE:BEI)

Boardwalk Real Estate Investment Trust (TSE:BEI) announced a monthly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.12 per share on Tuesday, October 15th. This represents a $1.44 annualized dividend and a dividend yield of ?. The ex-dividend date of this dividend is Friday, September 27th.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust has a 1 year low of C$37.96 and a 1 year high of C$49.75.

Boardwalk Real Estate Investment Trust (TSE:BEI) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$1.28. The firm had revenue of C$149.07 million for the quarter, compared to the consensus estimate of C$149.08 million.

Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank raised Boardwalk Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Raymond James lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, September 5th.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.