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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Director Scott Andrew Morrison bought 650 shares of the stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price 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 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 Price Performance

Shares of BEI.UN opened at C$63.76 on Thursday. Boardwalk Real Estate Investment Trust has a 12 month low of C$63.47 and a 12 month high of C$91.81. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The stock has a fifty day moving average price of C$72.70 and a 200 day moving average price of C$76.24. The company has a market cap of C$3.15 billion, a P/E ratio of 4.72, a PEG ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.26%. Boardwalk Real Estate Investment Trust’s dividend payout ratio is currently 10.66%.

Analyst Ratings Changes

BEI.UN has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped 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. 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 note on Thursday, November 7th. BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$84.00 to C$73.00 in a research note on Wednesday. TD Securities cut their price objective 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 note on Thursday, November 7th. Finally, Scotiabank decreased their target price on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.