Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Cut to C$78.00 by Analysts at Desjardins

by · The Markets Daily

Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) had its price target dropped by Desjardins from C$79.00 to C$78.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ target price indicates a potential upside of 19.56% from the company’s current price.

A number of other equities research analysts also recently issued reports on BEI.UN. TD Securities cut their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research note on Friday, December 12th. National Bank Financial boosted their target price on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$82.50 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Raymond James Financial raised shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from C$80.00 to C$83.00 in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$81.19.

Check Out Our Latest Stock Analysis on BEI.UN

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN traded down C$1.52 during mid-day trading on Monday, reaching C$65.24. 101,456 shares of the company traded hands, compared to its average volume of 106,831. The company’s fifty day moving average price is C$66.80 and its 200-day moving average price is C$67.06. The stock has a market capitalization of C$3.48 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.24 and a beta of 0.55. 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 has a 52-week low of C$59.10 and a 52-week high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.21) EPS for the quarter. The firm had revenue of C$164.85 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. On average, sell-side analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current year.

Boardwalk Real Estate Investment Trust Company Profile

(Get Free Report)

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.

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