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Bullboard - Stock Discussion Forum Boardwalk Real Estate Investment Trust T.BEI.UN

Alternate Symbol(s):  BOWFF

Boardwalk Real Estate Investment Trust (Trust) is a Canada-based open-ended real estate investment trust, which owns/operates multi-family rental communities. It provides homes in more than 200 communities, with over 33,000 residential suites totaling over 29 million net rentable square feet. Its brands include Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle. Its three-tiered... see more

TSX:BEI.UN - Post Discussion

View:
Post by retiredcf on May 18, 2022 7:24am

Insider Buying

Listed below are three securities that have had recent buying activity in the public market reported by insiders.

Boardwalk REIT 

On May 11, Brian Robinson, who sits on the board of trustees, invested over $470,000 in units of Boardwalk. He acquired 10,000 units at a price per unit of $47.05, increasing this particular account’s position to 26,466 units.

Mr. Robinson is also chief financial officer of Tourmaline Oil Corp.

Topaz Energy Corp. 

On May 9, Mike Rose, who sits on the board of directors, bought 10,000 shares at a cost per share of $23.3128, lifting this specific account’s holding to 433,470 shares. The cost of this purchase totaled over $233,000.

Mr. Rose is also the chairman, president and chief executive officer of Tourmaline Oil Corp.

Tourmaline Oil Corp.

Between May 9-12, chairman, president and chief executive officer Mike Rose invested over $1.3-million in shares of Tourmaline. He acquired a total of 20,000 shares at an average price per share of roughly $68.45, after which this specific account held 8,769,973 shares.

Year-to-date, the share price is up over 80 per cent, making it the top performing stock in the S&P/TSX Composite Index.

Comment by malx1 on May 18, 2022 6:21pm
Interesting that while insiders here are buying, some of the people posting are boasting about exiting their holdings.  Wonder who has a better understanding of direction of this business and expectations for NAV growth.  Every quarter that rolls by, this company is getting stronger.  See you guys at $70+ Also, anyone buying Alberta-based businesses, keep your eyes on Gamehost Inc ...more  
Comment by autofocus111 on Jul 02, 2022 12:04pm
@malx1 "See you guys at $70+". Famous last words.
Comment by malx1 on Aug 15, 2022 8:43pm
Still going to be a $70 stock. Thanks for checking in. Entire REIT sector traded down with rate hikes. Not a Bei specific concern.
Comment by malx1 on May 12, 2023 6:35am
I know they're famous.   Looks like all the big investment houses are now on board with my $70 price target.     $$$$$$$$$$$$$ Maybe I'm being too conservative.    
Comment by autofocus111 on May 16, 2023 12:58pm
Target shmarget... it's been a year since your posted your famous last words and still waiting to see that $70.
Comment by malx1 on May 16, 2023 5:35pm
You've never heard the investment advice of Kasking? "Hurry up and wait." Now the investment firms country-wide are following my lead on BEI.      Yes, my original $70 target is famous.     And those won't be my last words.    Was buying for others during Pandemic.     ACB's in the low $20's.     You ...more