Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT Lowered to C$84.75

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price decreased by analysts at Scotiabank from C$85.00 to C$84.75 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 5.67% from the company’s previous close.

Several other brokerages also recently issued reports on BEI.UN. TD Securities increased their price target on Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Raymond James cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from C$96.00 to C$100.00 in a report on Friday, September 6th. National Bankshares lifted their price target on Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, CIBC lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$90.18.

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN stock opened at C$80.20 on Wednesday. Boardwalk Real Estate Investment Trust has a 1 year low of C$63.64 and a 1 year high of C$91.81. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The stock’s 50 day moving average price is C$84.33 and its 200 day moving average price is C$77.01. The firm has a market cap of C$3.96 billion, a P/E ratio of 5.94, a PEG ratio of 1.24 and a beta of 1.76.

Insider Buying and Selling

In related news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. 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.