Scotia 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 decreased by stock analysts at Scotia from C$75.50 to C$74.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotia’s price target would indicate a potential upside of 14.77% from the company’s previous close.

A number of other research analysts have also weighed in on BEI.UN. National Bank Financial reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research note on Monday, April 20th. Scotiabank reduced 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 note on Monday, February 23rd. Royal Bank Of Canada reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating for the company in a research note on Thursday. Desjardins reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BMO Capital Markets reduced 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 for the company in a research note on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.50.

Boardwalk Real Estate Investment Trust Stock Down 1.8%

Boardwalk Real Estate Investment Trust stock opened at C$64.91 on Thursday. Boardwalk Real Estate Investment Trust has a 1-year low of C$60.75 and a 1-year high of C$75.37. The firm has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 71.33, a P/E/G ratio of 1.24 and a beta of 0.40. 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 50 day simple moving average of C$65.37 and a 200 day simple moving average of C$65.49.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings data on Friday, February 20th. 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 business had revenue of C$164.85 million during the quarter. On average, analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current year.

Boardwalk Real Estate Investment Trust News Roundup

Here are the key news stories impacting Boardwalk Real Estate Investment Trust this week:

• Positive Sentiment: Raymond James lowered its price target to C$80 from C$82 but kept an outperform rating, implying further upside from the current share price. BayStreet.CA analyst rating update
• Positive Sentiment: RBC, TD, and Desjardins all maintained favorable views on Boardwalk Real Estate Investment Trust (BEI.UN) with outperform or buy ratings, suggesting analysts still see meaningful upside despite slightly lower targets. Tickerreport.com analyst rating update
• Neutral Sentiment: RBC trimmed its target to C$81 from C$82, TD cut its target to C$82 from C$85, and Desjardins reduced its target to C$77 from C$78; these are small adjustments and do not change the broader bullish tone. BayStreet.CA analyst rating update
• Neutral Sentiment: Scotia was the most cautious of the group, lowering its target to C$74.50 from C$75.50 and keeping a sector perform rating, which signals more limited near-term conviction. BayStreet.CA analyst rating update
• Negative Sentiment: The stock may be under pressure because Raymond James’ downgrade from strong-buy to outperform removes some of the most bullish conviction on the name, even though the target still suggests upside. BayStreet.CA analyst rating update

About Boardwalk Real Estate Investment Trust

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.