Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Acquires C$42,094.98 in Stock

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison acquired 650 shares of the stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of C$64.76 per share, with a total value of C$42,094.98.

Scott Andrew Morrison also recently made the following trade(s):

• On Thursday, November 14th, Scott Andrew Morrison bought 850 shares of Boardwalk Real Estate Investment Trust stock. The shares were purchased at an average price of C$69.75 per share, with a total value of C$59,288.01.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN traded down C$3.81 during midday trading on Wednesday, reaching C$63.57. The company’s stock had a trading volume of 363,976 shares, compared to its average volume of 126,082. The company has a market cap of C$3.14 billion, a P/E ratio of 4.71, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$63.54 and a fifty-two week high of C$91.81. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The business’s 50 day moving average price is C$73.05 and its two-hundred day moving average price is C$76.30.

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 10.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BEI.UN. Scotiabank decreased their price objective on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Royal Bank of Canada lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. TD Securities reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Raymond James lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research note on Thursday, November 7th. Finally, National Bankshares decreased their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$85.88.

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.