Boardwalk Real Estate Investment Trust (BEI) Set to Announce Earnings on Tuesday

Boardwalk Real Estate Investment Trust (TSE:BEI) is scheduled to release its earnings data after the market closes on Tuesday, November 5th. Analysts expect Boardwalk Real Estate Investment Trust to post earnings of C$1.09 per share for the quarter.

Boardwalk Real Estate Investment Trust (TSE:BEI) last announced 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 company had revenue of C$149.07 million for the quarter, compared to the consensus estimate of C$149.08 million.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust has a 12-month low of C$37.96 and a 12-month high of C$49.75.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of ∞.

Analysts Set New Price Targets

BEI has been the subject of a number of recent analyst reports. Raymond James downgraded shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, September 5th. Scotiabank raised Boardwalk Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 1st.

About Boardwalk Real Estate Investment Trust

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.