Raymond James Financial Cuts Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$82.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target dropped by equities research analysts at Raymond James Financial from C$83.00 to C$82.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James Financial’s price target indicates a potential upside of 25.69% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. TD Securities lowered their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a report on Friday, December 12th. National Bank Financial lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating on the stock in a research report on Monday. BMO Capital Markets cut their target price on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Desjardins decreased their price target on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of C$81.19.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN stock traded down C$1.52 during trading hours on Monday, hitting C$65.24. The company’s stock had a trading volume of 101,456 shares, compared to its average volume of 106,831. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.10 and a twelve month high of C$75.37. The stock has a market cap of C$3.48 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 1.24 and a beta of 0.55. The business has a fifty day moving average of C$66.80 and a 200-day moving average of C$67.06.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share (EPS) for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%.The firm had revenue of C$164.85 million for the quarter. As a group, equities research analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current year.

Boardwalk Real Estate Investment Trust Company Profile

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.