Insider Buying: Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Buys 650 Shares of Stock

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

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

• On Thursday, November 14th, Scott Andrew Morrison purchased 850 shares of Boardwalk Real Estate Investment Trust stock. The stock was purchased at an average cost 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 opened at C$62.66 on Friday. The firm has a market capitalization of C$3.10 billion, a PE ratio of 4.64, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a twelve month low of C$62.45 and a twelve month 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 company has a 50-day moving average price of C$72.32 and a two-hundred day moving average price of C$76.17.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 10.66%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BEI.UN. BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday. TD Securities lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Raymond James dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a report on Thursday, November 7th. Royal Bank of Canada reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, National Bankshares lowered their target price 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$85.88.

About Boardwalk Real Estate Investment Trust

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.