Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison Acquires 850 Shares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison acquired 850 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$69.75 per share, with a total value of C$59,288.01.

Boardwalk Real Estate Investment Trust Stock Up 0.6 %

BEI.UN stock opened at C$70.30 on Friday. The firm’s 50-day moving average is C$79.75 and its two-hundred day moving average is C$76.68. The company has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. 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 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 company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.44 annualized dividend and a yield of 2.05%. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BEI.UN. Scotiabank reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Raymond James decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. National Bankshares dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Finally, 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 for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.