Boardwalk REIT Declares Monthly Dividend of $0.06 (OTCMKTS:BOWFF)

Boardwalk REIT (OTCMKTS:BOWFF) announced a monthly dividend on Friday, November 15th, Zacks reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.063 per share by the financial services provider on Monday, December 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 27th.

Shares of Boardwalk REIT stock remained flat at $$35.90 during trading on Monday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.67. Boardwalk REIT has a fifty-two week low of $27.61 and a fifty-two week high of $36.46. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 19.22 and a beta of 0.58. The company has a 50 day moving average price of $34.35 and a two-hundred day moving average price of $32.33.

Several equities research analysts recently commented on BOWFF shares. ValuEngine cut Boardwalk REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Desjardins raised Boardwalk REIT from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Finally, Echelon Wealth Partners reaffirmed a “buy” rating and set a $55.00 price objective on shares of Boardwalk REIT in a research report on Sunday, November 17th.

Boardwalk REIT Company Profile

Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.

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