Scott Andrew Morrison Acquires 650 Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison purchased 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of C$64.76 per share, with a total value of C$42,094.98.

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

• On Thursday, November 14th, Scott Andrew Morrison bought 850 shares of Boardwalk Real Estate Investment Trust stock. 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 Stock Up 2.0 %

Shares of TSE:BEI.UN opened at C$63.93 on Friday. Boardwalk Real Estate Investment Trust has a 52-week low of C$62.35 and a 52-week high of C$91.81. The stock has a market cap of C$3.16 billion, a P/E ratio of 4.73, a PEG ratio of 1.24 and a beta of 1.76. The business has a fifty day moving average of C$72.00 and a two-hundred day moving average of C$76.11. 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 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 issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, October 31st. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Scotiabank cut 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. National Bankshares reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Royal Bank of Canada reduced their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. TD Securities decreased 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. Finally, BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$84.00 to C$73.00 in a research note on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.