Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$82.00 Price Target at Raymond James

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective dropped by analysts at Raymond James from C$91.00 to C$82.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 34.18% from the company’s previous close.

BEI.UN has been the subject of several other research reports. National Bankshares decreased their price target on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. Royal Bank of Canada decreased their target price on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. TD Securities lowered their price target on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Finally, Scotiabank lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$84.98.

Boardwalk Real Estate Investment Trust Stock Down 1.1 %

BEI.UN stock opened at C$61.11 on Monday. The firm has a market cap of C$3.02 billion, a PE ratio of 4.52, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 1 year low of C$61.00 and a 1 year high of C$91.81. The company has a fifty day simple moving average of C$67.29 and a 200 day simple moving average of C$75.36. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Insiders Place Their Bets

In related news, Director Scott Andrew Morrison bought 650 shares of Boardwalk Real Estate Investment Trust stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Company insiders own 17.92% of the company’s stock.

About Boardwalk Real Estate Investment Trust

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.