TD 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 target cut by stock analysts at TD from C$85.00 to C$82.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. TD’s price target suggests a potential upside of 24.70% from the stock’s previous close.

BEI.UN has been the topic of a number of other research reports. Royal Bank Of Canada lowered their price objective on Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday. National Bank Financial reduced their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a report on Monday, April 20th. Desjardins lowered their price target on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating on the stock in a research report on Monday, February 23rd. Finally, Scotia reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$79.70.

Boardwalk Real Estate Investment Trust Stock Up 0.6%

Shares of BEI.UN stock traded up C$0.36 on Thursday, hitting C$65.76. The company’s stock 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 price-to-earnings ratio of 17.13, a P/E/G ratio of 1.24 and a beta of 0.40. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$60.75 and a fifty-two week high of C$75.37. The firm’s fifty day moving average price is C$65.37 and its 200-day moving average price is C$65.49. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) 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 business had revenue of C$164.85 million for the quarter. 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.