Scott Andrew Morrison Purchases 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 the firm’s stock in a transaction dated Wednesday, December 18th. The stock was 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 acquired 850 shares of Boardwalk Real Estate Investment Trust stock. The shares were acquired 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 5.7 %

TSE BEI.UN traded down C$3.81 on Wednesday, hitting C$63.57. The company’s stock had a trading volume of 363,976 shares, compared to its average volume of 126,082. The company’s 50-day moving average is C$73.05 and its 200 day moving average is C$76.30. The firm has a market cap of C$3.14 billion, a PE ratio of 4.71, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 1-year low of C$63.54 and a 1-year 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.

Boardwalk Real Estate Investment Trust Dividend Announcement

The business 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. The ex-dividend date was Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.27%. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Analyst Upgrades and Downgrades

BEI.UN has been the topic of a number of recent analyst reports. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$84.00 to C$73.00 in a research report on Wednesday. National Bankshares decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. TD Securities lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Raymond James dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research note on Thursday, November 7th. Finally, Royal Bank of Canada decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust has an average rating of “Moderate Buy” and an average price target 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.