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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison bought 850 shares of the business’s stock in a transaction dated 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 Trading Down 0.3 %

Shares of Boardwalk Real Estate Investment Trust stock traded down C$0.19 on Tuesday, hitting C$70.17. 94,858 shares of the company’s stock traded hands, compared to its average volume of 123,977. The company has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a fifty day moving average of C$80.41 and a two-hundred day moving average of C$76.69. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a one year low of C$64.40 and a one year 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. Investors of record on Friday, November 15th were given a $0.12 dividend. This represents a $1.44 annualized dividend and a 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

Several equities research analysts have issued reports on the stock. 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. National Bankshares reduced 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. Scotiabank cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Raymond James lowered 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. Finally, TD Securities cut their price target 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 note 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.

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.