Insider Buying: Boardwalk REIT (TSE:BEI.UN) Director Purchases C$15,559.50 in Stock

Boardwalk REIT (TSE:BEI.UN) Director Mandy Kim Abramsohn purchased 230 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of C$67.65 per share, for a total transaction of C$15,559.50.

Boardwalk REIT Price Performance

Shares of BEI.UN opened at C$66.27 on Monday. Boardwalk REIT has a 1-year low of C$47.60 and a 1-year high of C$71.52. The stock has a market cap of C$3.03 billion, a PE ratio of 5.98, a P/E/G ratio of 1.24 and a beta of 1.69. The firm has a 50-day simple moving average of C$67.11 and a two-hundred day simple moving average of C$64.86. The company has a debt-to-equity ratio of 92.57, a current ratio of 0.13 and a quick ratio of 0.04.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BEI.UN. Royal Bank of Canada raised their price target on shares of Boardwalk REIT from C$77.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. CIBC raised their price objective on shares of Boardwalk REIT from C$70.00 to C$73.50 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Cormark raised their price objective on shares of Boardwalk REIT from C$68.00 to C$72.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. TD Securities raised their price objective on shares of Boardwalk REIT from C$80.00 to C$82.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, BMO Capital Markets raised their price objective on shares of Boardwalk REIT from C$74.00 to C$75.00 in a research report on Monday, November 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Boardwalk REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.00.

About Boardwalk REIT

Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.