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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price dropped by research analysts at Raymond James from C$91.00 to C$82.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 34.18% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Scotiabank decreased their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Royal Bank of Canada decreased their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. National Bankshares lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Finally, TD Securities cut their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$84.98.

Boardwalk Real Estate Investment Trust Trading Down 1.1 %

Shares of TSE:BEI.UN opened at C$61.11 on Monday. Boardwalk Real Estate Investment Trust has a twelve month low of C$61.00 and a twelve 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 has a market cap of C$3.02 billion, a P/E ratio of 4.52, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a 50 day moving average of C$67.29 and a 200-day moving average of C$75.36.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison purchased 850 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of C$69.75 per share, for a total transaction of C$59,288.01. Company 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.