Insider Buying: Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Buys 850 Shares of Stock

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

Boardwalk Real Estate Investment Trust Trading Down 0.3 %

Shares of BEI.UN traded down C$0.19 during trading hours on Tuesday, hitting C$70.17. The company had a trading volume of 94,858 shares, compared to its average volume of 123,977. 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 stock’s 50 day moving average price is C$80.41 and its 200 day moving average price is C$76.69. The firm has a market cap of C$3.47 billion, a P/E ratio of 5.23, a P/E/G 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.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s payout ratio is currently 10.66%.

Analyst Upgrades and Downgrades

BEI.UN has been the subject of several research analyst reports. BMO Capital Markets decreased their target price on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. CIBC raised their price objective on shares of 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. TD Securities dropped 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 research note on Thursday, November 7th. Royal Bank of Canada decreased their price target 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 cut their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$87.28.

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.