Scott Andrew Morrison Buys 850 Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison purchased 850 shares of the firm’s stock in a transaction on 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 Trading Down 0.4 %

BEI.UN opened at C$69.91 on Thursday. The firm’s 50 day moving average is C$80.08 and its 200-day moving average is C$76.68. Boardwalk Real Estate Investment Trust has a 52-week low of C$64.40 and a 52-week high of C$91.81. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The firm has a market capitalization of C$3.45 billion, a P/E ratio of 5.19, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid 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 dividend payout ratio (DPR) is 10.66%.

Analyst Upgrades and Downgrades

BEI.UN has been the topic of several research reports. Raymond James cut their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. TD Securities reduced their price objective 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 note on Thursday, November 7th. CIBC boosted their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada cut their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Finally, National Bankshares decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.