Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Buys C$59,288.01 in Stock

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison bought 850 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of C$69.75 per share, for a total transaction of C$59,288.01.

Boardwalk Real Estate Investment Trust Trading Up 0.6 %

TSE:BEI.UN opened at C$70.30 on Friday. The company has a market cap of C$3.47 billion, a PE ratio of 5.17, a P/E/G ratio of 1.24 and a beta of 1.76. The business’s 50 day moving average is C$79.75 and its two-hundred day moving average is C$76.68. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. 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 Dividend Announcement

The company also recently disclosed 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 2.05%. 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 Analysts Forecast Growth

Several research firms recently issued reports on BEI.UN. 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. TD Securities dropped their target price 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 report on Thursday, November 7th. Raymond James cut their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research note on Thursday, November 7th. Royal Bank of Canada lowered their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, BMO Capital Markets cut 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently 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.