Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$81.19.

Several research firms have recently commented on BEI.UN. National Bank Financial lowered their price target 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 report on Monday, February 23rd. TD Securities cut their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a report on Friday, December 12th. Scotiabank reduced their price objective on 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 lowered 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 research note on Monday, February 23rd. Finally, Desjardins dropped their target price on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd.

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN stock opened at C$62.26 on Friday. 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 has a market cap of C$3.30 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.24 and a beta of 0.40. The firm has a 50 day simple moving average of C$66.22 and a 200 day simple moving average of C$66.12. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.10 and a 52 week high of C$75.37.

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