Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Buys C$59,288.01 in Stock

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison bought 850 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of C$69.75 per share, for a total transaction of C$59,288.01.

Boardwalk Real Estate Investment Trust Stock Performance

TSE:BEI.UN opened at C$69.91 on Thursday. Boardwalk Real Estate Investment Trust has a twelve month low of C$64.40 and a twelve month high of C$91.81. The company has a 50-day moving average of C$80.08 and a 200-day moving average of C$76.68. The firm has a market cap of C$3.45 billion, a price-to-earnings ratio of 5.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 2.06%. The ex-dividend date was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BEI.UN. National Bankshares lowered their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Scotiabank lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. BMO Capital Markets dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research note on Monday, October 28th. Royal Bank of Canada decreased their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, TD Securities dropped their price target on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$87.28.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.