Boardwalk REIT (TSE:BEI.UN) Senior Officer Kelly Kulwant Mahajan sold 1,348 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$40.72, for a total transaction of C$54,890.56. Following the sale, the insider now directly owns 3,121 shares of the company’s stock, valued at approximately C$127,087.12.

Kelly Kulwant Mahajan also recently made the following trade(s):

  • On Tuesday, March 19th, Kelly Kulwant Mahajan sold 903 shares of Boardwalk REIT stock. The stock was sold at an average price of C$40.88, for a total transaction of C$36,914.64.

Shares of BEI.UN opened at C$40.90 on Thursday. Boardwalk REIT has a 12-month low of C$37.96 and a 12-month high of C$49.75. The company has a current ratio of 0.22, a quick ratio of 0.15 and a debt-to-equity ratio of 85.23. The firm has a market capitalization of $1.89 billion and a P/E ratio of 20.75.

A number of brokerages recently issued reports on BEI.UN. BMO Capital Markets cut their target price on Boardwalk REIT from C$49.50 to C$48.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Raymond James cut their target price on Boardwalk REIT from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a report on Tuesday, February 26th. Royal Bank of Canada cut their target price on Boardwalk REIT from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a report on Monday, February 25th. Canaccord Genuity increased their target price on Boardwalk REIT from C$39.00 to C$44.00 and gave the stock a “hold” rating in a report on Monday, February 25th. Finally, CIBC cut their target price on Boardwalk REIT from C$49.00 to C$46.00 in a report on Monday, February 25th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$48.11.

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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.

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