TD Securities Has Lowered Expectations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective reduced by stock analysts at TD Securities from C$100.00 to C$95.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price target would indicate a potential upside of 33.11% from the company’s previous close.

Several other research analysts also recently commented on BEI.UN. BMO Capital Markets cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. Scotiabank cut their price target on Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada boosted their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Raymond James lowered Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from C$96.00 to C$100.00 in a report on Friday, September 6th. Finally, National Bankshares boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$87.28.

Boardwalk Real Estate Investment Trust Trading Down 1.0 %

TSE:BEI.UN opened at C$71.37 on Thursday. Boardwalk Real Estate Investment Trust has a 12 month low of C$64.40 and a 12 month high of C$91.81. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The firm’s 50 day moving average is C$82.34 and its 200 day moving average is C$76.81. The stock has a market capitalization of C$3.53 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Insider Activity

In other news, Senior Officer James Ha sold 8,100 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. Corporate insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Company Profile

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.