Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) had its target price reduced by analysts at Desjardins from C$78.00 to C$77.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Desjardins' target price points to a potential upside of 17.09% from the company's previous close.
A number of other research analysts also recently weighed in on the stock. Scotiabank decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a "sector perform" rating for the company in a research report on Monday, February 23rd. BMO Capital Markets decreased their price objective on shares of 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, February 23rd. Raymond James Financial cut their target price on shares of Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a "strong-buy" rating for the company in a research note on Monday, February 23rd. Finally, National Bank Financial decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an "outperform" rating on the stock in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$79.70.
Read Our Latest Stock Analysis on Boardwalk Real Estate Investment Trust
Boardwalk Real Estate Investment Trust Stock Performance
Shares of BEI.UN traded up C$0.36 during mid-day trading on Thursday, reaching C$65.76. The company had a trading volume of 125,837 shares, compared to its average volume of 126,855. The stock has a market capitalization of C$3.43 billion, a P/E ratio of 17.13, a PEG ratio of 1.24 and a beta of 0.40. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.75 and a 52-week high of C$75.37. The stock has a 50 day moving average of C$65.37 and a two-hundred day moving average of C$65.49. 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 (TSE:BEI.UN - Get Free Report) last posted its earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) 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 company had revenue of C$164.85 million for the quarter. On average, analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share 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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